Famed Finance Expert Kenneth French Reveals: Most Dangerous Investor Fallacies
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Today's guest is Professor Ken French, the Roth Family Distinguished Professor of Finance at the Tuck School of Business at Dartmouth College. He’s written some of the most influential papers in finance alongside former podcast guest, Professor Eugene Fama.
In today’s episode, Ken shares what topic he and Professor Fama disagree on. Then we get into a number of topics: what it means to truly be a long-term investor, the global market portfolio, misconceptions around stock buybacks, and much more.
To see links or read the transcript of the episode, visit us at https://mebfaber.com/2024/04/19/kenneth-french/
(01:09) - Welcome to our guest, Kenneth French
(03:27) - Investing in FAANG Stocks: Should You Expect Unexpected Returns? https://www.dimensional.com/us-en/insights/investing-in-faang-stocks-should-you-expect-unexpected-returns
(07:02) - Deciphering an investors skill vs. luck
(15:04) - Having an investment plan
(20:16) - The global market portfolio
(24:54) - Thoughts on gold and other commodities
(26:18) - Incorporating human capital
(32:04) - Ken’s thoughts on stock buybacks
(35:28) - Improving financial education
(40:02) - Disagreement, Taste, and Asset Prices: https://www.sciencedirect.com/science/article/abs/pii/S0304405X06001954
(43:57) - Ken’s most controversial opinion
(46:29) - Ken’s most memorable investment
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Sponsor: 10 East is a membership-based investment firm founded by Michael Leffell, former Deputy Executive Managing Member of Davidson Kempner, focused on providing targeted exposure to private markets. Members invest at their discretion in single-investment and niche fund vehicles across private credit, real estate, private equity, and venture capital. Learn more: https://www.10east.co/
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Today's guest is Professor Ken French, the Roth Family Distinguished Professor of Finance at the Tuck School of Business at Dartmouth College. He’s written some of the most influential papers in finance alongside former podcast guest, Professor Eugene Fama.
In today’s episode, Ken shares what topic he and Professor Fama disagree on. Then we get into a number of topics: what it means to truly be a long-term investor, the global market portfolio, misconceptions around stock buybacks, and much more.
To see links or read the transcript of the episode, visit us at https://mebfaber.com/2024/04/19/kenneth-french/
(01:09) - Welcome to our guest, Kenneth French
(03:27) - Investing in FAANG Stocks: Should You Expect Unexpected Returns? https://www.dimensional.com/us-en/insights/investing-in-faang-stocks-should-you-expect-unexpected-returns
(07:02) - Deciphering an investors skill vs. luck
(15:04) - Having an investment plan
(20:16) - The global market portfolio
(24:54) - Thoughts on gold and other commodities
(26:18) - Incorporating human capital
(32:04) - Ken’s thoughts on stock buybacks
(35:28) - Improving financial education
(40:02) - Disagreement, Taste, and Asset Prices: https://www.sciencedirect.com/science/article/abs/pii/S0304405X06001954
(43:57) - Ken’s most controversial opinion
(46:29) - Ken’s most memorable investment
-----
Sponsor: 10 East is a membership-based investment firm founded by Michael Leffell, former Deputy Executive Managing Member of Davidson Kempner, focused on providing targeted exposure to private markets. Members invest at their discretion in single-investment and niche fund vehicles across private credit, real estate, private equity, and venture capital. Learn more: https://www.10east.co/
-----
Follow Meb:
Twitter: https://twitter.com/MebFaber
LinkedIn: https://www.linkedin.com/in/mebanefaber/
Website: http://mebfaber.com/
To learn more about our products and follow us, subscribe to our mailing list: https://theideafarm.us1.list-manage.com/subscribe/post?u=6750faf5c6091bc898da154ff&id=7249739cdb
Listen and subscribe on the platform of your choice:
Apple: https://podcasts.apple.com/us/podcast/the-meb-faber-show/id1128955736
Spotify: https://open.spotify.com/show/6gEEIpE2eu1yndaFra4Cgb
Follow The Idea Farm:
Subscribe (FREE!): www.theideafarm.com
Twitter: https://twitter.com/TheIdeaFarm
LinkedIn: https://www.linkedin.com/company/theideafarm-co
TikTok: https://www.tiktok.com/@mebfabershow
Instagram: https://www.instagram.com/mebfabershow/reels/
