“Debt has become so expensive to a point where the debt is more expensive than the cap rates on a lot of these properties that they’re [homebuilder companies] trying to buy”

by Marketing | Jul 28, 2023 | Market Notes, Media Notes

Buy Lennar & UnitedHealth, Sell utilities: Portfolio manager’s top trades

“If you look at the absolute level, what I would say the market focuses on over longer periods of time, the US consumer remains very, very strong”

by Marketing | Jul 28, 2023 | Market Notes, Media Notes

Fed’s messaging has been consistent, but market isn’t listening: Strategist

Meb Faber Show: JD Gardner – Bridging the Behavior Gap

by Marketing | Jul 27, 2023 | Appearances, Market Notes, Media Notes

On July 5, 2023, JD Gardner sat down with Meb Faber from Cambria Investment Management. The episode has an overarching theme that can be summarized by a quote from JD himself: “A strategy’s return is much less important than an investor’s return while exposed to the...

“A strategy’s return is much less important than an investor’s return while exposed to the strategy”

by Marketing | Jul 27, 2023 | Market Notes, Media Notes

Meb Faber Show:  Episode #491: JD Gardner – Bridging the Behavior Gap

“We took the contrarian stance because a lot of these names [homebuilders] were actually trading at half, 50% of their book value”

by Marketing | Jul 26, 2023 | Market Notes, Media Notes

A contrarian view on homebuilder stocks

“The market has always rallied off of better than expected earnings per share guidance”

by Marketing | Jul 26, 2023 | Market Notes, Media Notes

Earnings expectations for Microsoft and other tech giants