Bryan Taylor: There Is No Equity Risk Premium (Investing in America Series) #635
In this episode, Dr. Brian Taylor, chief economist of Global Financial Data, discusses his TWIG framework—Taxes, War, Inflation, and Government intervention—and how their alignment drives long‑term market returns. He highlights historical periods like the 1980s‑1990s, when free trade, low inflation, and limited government yielded double‑digit equity gains, versus eras of war and protectionism that produced negative returns. Taylor also challenges the conventional equity risk premium, arguing that stock and bond returns move independently and that the premium is not a fixed law. He urges policymakers to promote free trade and curb inflationary pressures to restore favorable conditions for investors.
Jim Grant: AI Is “One of the Greatest Bubbles of All Time” | #634
In this episode, host Meb Faber talks with financial historian Jim Grant about the current AI boom, which Grant likens to one of the greatest speculative bubbles in history, comparable to the 1990s dot‑com frenzy and the railroad era of...
Tom Lee: The Market Can Climb Higher—But Expect Turbulence | #630
In this episode, Tom Lee, co‑founder of Fundstrat Global Advisors and former J.P. Morgan chief equity strategist, discusses why the U.S. equity market can still climb higher despite the backdrop of war, record‑high oil prices and a new Federal Reserve...
Dividend Myths That Distort Markets (W/ Sam Hartzmark) | #628
In this episode, MedFavor hosts finance professor Sam Hartzmark to debunk common misconceptions about dividends, especially the "free dividend fallacy" where investors treat dividend payouts as extra income without accounting for the corresponding drop in stock price. Hartzmark explains how...
Software Winners & Losers in the Age of AI (W/Alex Rubalcava & Paul Bricault) | #626
In this episode, MedFavor hosts venture partners Alex Rubalcava and Paul Bricault of Amplify LA to discuss how AI is reshaping the software landscape, distinguishing between vulnerable, commoditized SaaS products and mission‑critical, data‑rich enterprise solutions that remain defensible. They explain...
Liquid Private Equity & Volatility Laundering (Owen Lamont & Randy Cohen) | #625
In this episode, Owen Lamont of Acadian Asset Management and Harvard professor Randy Cohen discuss the evolution and appeal of private equity, focusing on its historically higher returns and lower reported volatility compared to public markets. They explore the concept...
The Tax Alpha Arms Race (W/ Wes Gray & Brent Sullivan) | #622
In this episode, hosts MedFaber, Wes Gray, and tax analyst Brent Sullivan dissect the growing "tax alpha" landscape, focusing on how investors can manage and mitigate tax drag, especially with concentrated stock positions. They explore a menu of strategies—from exchange...
MEBISODE: Even Berkshire Underperformed
In this episode the hosts use Warren Buffett’s retirement and Berkshire Hathaway’s historic performance as a lens to examine why even top‑tier investments can underperform for years. They focus on the Cambria Shareholder Yield ETF (SYLD), showing its long‑term outperformance...