The Meb Faber Show

Episode 85 is a radio show format. Meb starts with a recap of his latest travels – this time he was off to New York then Europe. Then, it’s onto Q&A. Some of the questions and topics you’ll hear are: To what extent do economic indicators have any effect on Meb’s view of the markets? Bitcoin has been on a meteoric rise recently in advance of the introduction of Bitcoin futures on Sunday 12/10. What are the potential ramifications of futures trading on it? New money coming in? Prices imploding? What about blockchain? How will it affect various industries? Wes Gray and Toby Carlisle have argued that EV/EBIT is a better metric than PE for latching onto the value premium. Why not then use a cyclically adjusted EV/EBIT instead of CAPE? Someone puts a gun to your head and tells you that you have $1M from an orphanage which you must invest in a single stock. What do you pick? If enough people adopt a trend following approach, and the trend starts heading south, could it lead to a market meltdown like ’87? What