Cambria's Meb Faber dials in from sunny California to tell Alex and Frank all about betting the house on a biotech stock… and losing. Spoiler alert: options are involved. As are some classic investor misbehaviors including overconfidence, a lack of diversification, and poor (well, no) sell discipline.
But, as ever, we are here to learn and Meb explains how the multiple lessons from this one early error have shaped him into the investor he is today, not least by steering him away stock picking and toward to a quantitative approach.
For the latest episode of Mistakes Were Made, Alex and Frank are joined by Citywire’s executive chairman and founder Lawrence Lever, AKA their boss. ...
Alex and Frank are joined by Ric Edelman, founder of Edelman Financial Engines, one the largest RIAs in the USA, with some $270bn in...
For our third episode of Mistakes Were Made, we are joined by Anthony Scaramucci, who is the founder and managing partner of SkyBridge Capital. ...