Investing
Add as a preferred source on GoogleAt Dirtcon, the Cambria Investment Management co-founder also discussed overseas and small-company shares and criticized complex ETF designs.
At Dirtcon, Meb Faber, a co-founder of Cambria Investment Management, described bear markets as a way to flush out investments he considers unproductive, which he said can help markets recover.
Faber said shares from outside the United States and stocks in smaller companies receive too little attention. He also criticized complicated exchange-traded fund (ETF) structures.
Kimberly-Clark rose 4.7%, Waste Management 3.9% and Eli Lilly 3.6%; all three were up at least 6% for the week through Oct. 15.
BlackRock’s IBIT gained $16.79 million; Grayscale’s BTC and Invesco’s BTCO recorded outflows of $7.64 million and $4.09 million, respectively.
