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Guiding Assets

Formerly Take 15, Guiding Assets is the flagship podcast of CFA Institute and the definitive program for the investment management industry. As stewards of the investment industry, Guiding Assets will feature intimate conversations with some of the most influential people from the world of finance about the topics that matter most to investment professionals. The show will also share crucial insights and best practices to help guide investors to make smart, ethical decisions. Guiding Assets will continue to help build a better world for investors.

Host: Mike Wallberg, CFA

Producer: Mitchell Forst 

Feb 19, 2020

In this 400th episode of the Take 15 Podcast, Mebane Faber, a cofounder and chief investment officer of Cambria Investment Management, and our guest host, Rodney Sullivan, CFA, discuss industry trends and global asset allocation strategy as we head into a new decade of the 2020s. Mr. Faber cautions investors about "home country bias" and recommends allocating investments toward the world market portfolio, particularly with lofty valuation levels in the United States from an historical perspective. Mr. Faber discusses changes to the industry that will affect financial advisers, including the impact of zero commissions and the rise of systematic or quantitative investing. He also shares why he believes financial advisers need to reassess their business risks as we enter the later stages of the economic cycle.