The Meb Faber Show: “Investors Believe This. 200 Years of Data Doesn’t Agree”
The Meb Faber Show: “Investors Believe This. 200 Years of Data Doesn’t Agree”
Today’s guest is Bryan Taylor, founder and chief economist of Finaeon, which has the most comprehensive database of historical financial market data in the world. He’s just published Five Financial Eras: How Financial Markets Transformed the World.
In today’s episode, Bryan explains his TWIG framework of trade, war, inflation, and government, and how their combination drives returns across centuries of market history. He challenges the belief in a fixed equity risk premium and revisits seven decades of negative real bond returns. To close, Bryan explains why the post-1981 playbook no longer applies.
To see links or read the transcript of the episode, visit us at: https://www.themebfabershow.com/episo…
(0:00) Starts
(1:25) Sponsor: Ivy Invest
(2:37) Bryan Taylor explains the TWIG framework
(10:20) There is no single equity risk premium
(21:18) Government debt, market capitalization, and global market position
(26:17) The impact of technology revolutions on markets
(28:30) Historical changes in investment trends
(38:22) Cultural shifts in investing
(47:36) Evolution of stock market indices and future projects
(52:03) Currency discussion
Pre-order Investing in America: The Rise Of A 250-Year Bull Market https://amzn.to/4dNRKOt
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Sponsor: Ivy Invest - To learn more about Ivy Invest’s SEC-registered endowment-style fund, view the prospectus, and learn how to invest, visit https://www.ivyinvest.co/fund?utm_sou…
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