In episode 326, we welcome our guest, Viktor Nebehaj, co-founder of Freetrade, whose mission is to get everyone investing by making it simple and commission-free with a stockbroker you can trust.
As a special offer for listeners of the show, visit freetrade.io/MEB and get a free stock worth 3 - 200 GBP.
In today’s episode, we start with Viktor’s early days at Google. Then hear how he went all-in on a crowdfunding campaign for Freetrade and loved the product so much he joined the company as a co-founder. We dive into the company, which offers commission-free brokerage without payment for order flow or margin lending. Viktor shares how the company makes money, what the appetite for this product has been like in Europe, and what it was like to navigate the craziness of 2021.
As we wind down, we hear about Freetrade’s crowdfunding experience, with seven total rounds raising roughly 60 million dollars.
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This episode is sponsored by Bitwise. The Bitwise 10 Crypto Index Fund is the world’s largest crypto index fund. It holds a diversified portfolio of cryptoassets, including bitcoin, ethereum, and DeFi assets. Shares of the fund trade under the ticker "BITW" and are accessible through traditional brokerage accounts. Shares may trade at a premium or discount to net asset value (NAV). For more information: www.bitwiseinvestments.com
In today’s episode of the Cambria Fund Profile Series, Meb discusses Cambria’s shareholder yield ETFs, US focused Cambria Shareholder Yield ETF (SYLD), international developed market focused Cambria Foreign Shareholder Yield ETF (FYLD), and international emerging market focused Cambria Emerging Shareholder Yield ETF (EYLD).
Meb walks through details of what shareholder yield really is, from dividends to buybacks, to explain why it is a more comprehensive measure of yield than dividends alone.
He offers a passage from Warren Buffett’s 1984 letter to shareholders discussing the benefit of buybacks when companies are in good financial position and their shares are trading below intrinsic value. He then covers Cambria’s three funds in more detail, laying out some quantitative metrics of the funds relative to their respective Morningstar categories.
As the episode winds down, Meb walks through the portfolio construction process of the shareholder yield ETFs.
In episode 323, we welcome our guest, John Montgomery, founder and Chief Investment Officer of Bridgeway Capital Management, a $5 billion quantitative manager that donates 50% of its profits to charity.
In today’s episode, we start by hearing what made our John leave a job in the Transit sector to start a quantitative investment firm. We walk through what drew him to a rules-based approach and then touch on different factors, including size, value, and low volatility. We even touch on Bridgeway’s ultra small cap strategy and how it captures the small-cap premium.
As we wind down, we hear about the firm’s unique structure, which includes donating half its profits to charity with the goal of ending genocide.
Please enjoy this episode with Bridgeway Capital Management’s John Montgomery.
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Follow Meb on Twitter at @MebFaber
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Today’s episode is sponsored by Yotta Savings. Yotta Savings is an FDIC-insured savings account with a big twist, saving with Yotta gives you the chance to win $10 million every week. For every 25 dollars deposited into your Yotta Savings account, you’ll receive a recurring ticket into their weekly sweepstakes to win cash prizes ranging from a few cents to $10 million. Open your account to start saving and start winning. Use invite code "MEB" on signup to earn 100 bonus tickets into next week's contest.
In episode 316, we welcome our guest, Dianne McKeever, Co-founder and Chief Investment Officer of Ides Capital, which has been cited as the only woman-led activist fund.
In today’s episode, we’re talking all about activist investing. Dianne shares how she went from a Berkshire fan to becoming an activist. She shares the ins and outs of the process, from sourcing names to engaging with management teams. Then we talk about how ESG fits into her activism campaigns.
Of course, we walk through a few names in Dianne’s book and hear the story of her campaign with Boingo.
Please enjoy this episode with Ides Capital’s Dianne McKeever.
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This episode is sponsored by Bitwise. The Bitwise 10 Crypto Index Fund is the world’s largest crypto index fund. It holds a diversified portfolio of cryptoassets, including bitcoin, ethereum, and DeFi assets. Shares of the fund trade under the ticker "BITW" and are accessible through traditional brokerage accounts. Shares may trade at a premium or discount to net asset value (NAV). For more information: bitwiseinvestments.com
In episode 308, we welcome our guest, Maciej Wojtal, founder and CIO of Amtelon Capital, an investment fund focused on Iranian equities. In today's episode, we're covering Maciej’s best idea: Iranian equities.
In today’s episode, we start by hearing how the 2015 nuclear deal between the US and Iran sparked Maciej’s interest in Iran. He shares what he learned early on – the country has a resilient economy with great demographics – and when paired with companies trading at 3-4x earnings, he was compelled to set up his firm in 2018. Maciej walks us through what it’s been like over the last few years: handling new sanctions under the Trump administration, 70% currency depreciation one year, and, most recently, the impact of COVID.
As we wind down, he shares the possibilities for the country going forward and the potential for foreign inflows to drive valuations up in the near future.
Please enjoy this special “Best Ideas” episode with Amtelon Capital’s Maciej Wojtal.