At a glance
- Faber is co-founder and chief investment officer of Cambria Asset Management.
- Faber also said diversification is entering a bull market, a call he made while discussing his new book, Investing in America: The Rise of a 250-Year Bull Market.
- For advisors, the written-plan argument is a concrete reason to document client allocations before markets move.
Meb Faber used an appearance on Morningstar's The Long View podcast to make the case for putting an investment plan in writing and to flag two portfolio mistakes, according to Morningstar — Financial Advice. Faber is co-founder and chief investment officer of Cambria Asset Management. He spoke with hosts Ben Johnson, Morningstar's head of client solutions, and portfolio strategist Amy Arnott in an episode published Nov. 10.
Faber also said diversification is entering a bull market, a call he made while discussing his new book, Investing in America: The Rise of a 250-Year Bull Market.
For advisors, the written-plan argument is a concrete reason to document client allocations before markets move.
Faber traced some new investors' introduction to the market to apps that "threw confetti" at them. "We don't teach it in school," he said of money. "I think we should teach money starting in elementary school."
Reported by the Products & portfolios desk from Morningstar — Financial Advice. Published . Corrections