Episode Details

Are you making these critical mistakes in your portfolio? In this episode of In the Money with Amber Kanwar, renowned investor and author Meb Faber breaks down what most investors get wrong—and what to do instead.

Meb dives deep into the three investing pillars he believes will define the next era: global diversification, value investing, and trend following. He explains why most investors are overly concentrated in their home countries and why sticking to U.S. stocks may no longer be the smartest move—highlighting markets like Poland, Japan, and the UK.

He also unpacks the power of shareholder yield—a blend of dividends and buybacks—and reveals why investors overlook this metric at their own risk. Learn how Meb uses it to find underpriced companies flush with cash.

Plus, with news that Warren Buffett will step down from Berkshire Hathaway at the end of the year, Meb refers to the legendary investor as “the GOAT” and uses his example to underscore how portfolio strategies—even from the greats—can appear simple on the surface, but often require a deeper understanding to replicate responsibly.

In the Pro Picks segment, Meb tells us where he’s investing his own money right now, offering three of Cambria’s ETFs as top suggestions to end a fascinating interview: SYLD, GVAL and TRTY.

Whether you're rethinking your global exposure, questioning the 60/40 model, or simply trying to invest smarter in uncertain times—this episode is a must-watch.

Timestamps

00:00 Show Intro
01:20 How to trade with BMO InvestorLine
03:15 Meb Faber’s origin story
08:00 Meb on AI, big ideas and what’s coming next
09:40 Meb’s approach to value investing
12:45 How to construct a portfolio for long-term gains: Why diversification is key  

16:00 A big problem for investors is ‘home country bias’
17:15  Why trend following is key to portfolio construction, why investors need to be asset class agnostic and why market timing is actually possible
23:10 Meb on Warren Buffett and what he taught us about investing
27:50 Meb on Buffett’s strategy
30:00 What Meb thinks about tariffs and why they aren’t the reason for the change in global flows
36:10 Meb’s view on U.S. innovation and the future
39:40 Break: Amber speaks to Raymond James Canada CEO Jamie Coulter about navigating volatile U.S.-Canada ties
42:00 ITM Mailbag: Meb elaborates on the concept of a shareholder yield approach
44:30 Meb’s views on the benefits of share buybacks to individual shareholders as opposed to institutional shareholders
46:50 How Meb thinks about when to sell an investment 

50:15 Meb’s Pro Picks
1:03:50 Goodbye & coming up

Sponsors
This episode is sponsored by BMO InvestorLine. Open a new BMO InvestorLine account, and you could receive up to $3,500 cash back. It’s a great way to jumpstart your investment plan. Learn more at bmo.com/onlineinvesting?ecid=pr-2886232INV1-JNBMO16

For over 25 years, Raymond James has been helping Canadians achieve their financial goals. Visit raymondjames.ca today to discover how you can live a life well planned.

Pro Picks is brought to you by ATB Financial. With $62 billion in assets, ATB Financial is powering possibilities for more than 820,000 financial services clients in Alberta and beyond. Visit ATB.com/inthemoney for more information 

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