Cambria CIO Meb Faber joins Hedgeye Asset Management portfolio managers David Salem, R. Patrick Kent, and Sam Rahman on the 250-year bull market and what could actually end it.
0:00 Investing in America: The Rise of the 250-Year Bull Market
2:26 COVID, Meme Stocks, and the Betting App Generation
9:22 America's DNA of Risk-Taking Started With the 1600 Joint Stock Company
12:21 David Salem on Founder-Led Companies, Ownership vs. Control, and Elon's Governance
17:50 What Could Structurally End the 250-Year Bull?
23:42 SpaceX, OpenAI, and Anthropic Will Be Bigger Than the Entire US Energy Sector
25:09 CAPE at 44 and a Batting Average of Zero for the Next 10 Years
29:15 David on Jeremy Grantham and the Confluence of Factors That Won't Recur
34:38 Grandfather Born in 1900: Two World Wars, Spanish Flu, Depression, and Yet
36:04 Meb's Policy Wishlist: Ban Congress From Trading, Teach Money in Schools
41:15 David's UVA Endowment Swap and Firing Everyone at CalPERS
51:17 Jack Bogle Moved From 75% Stocks to 25%. Nobody Talks About It.