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Money in Tennis
The Idea Farm
July 21, 2024
Together With
“I just wait until the money’s lying in the corner, and all I have to do is walk over and pick it up.”
Research
Robeco forecasts five-year equity returns under three different CAPE ratio scenarios, and notes that defensive equities look attractive in a world of lower expected returns.
J.P. Morgan - Guide to the Markets (71 pages)
As usual, J.P. Morgan’s latest Guide to the Markets provides a great look at the global investment and the economic landscape.
Source: J.P. Morgan; As of June 30, 2024
Andrew McAfee partners with Google to write about the benefits & challenges of AI on the economy. He analyzes the history of general-purpose technologies on the labor market and applies that to AI today.
Bonus Content
Russell Napier shares lessons from financial history and how they apply to his outlook for the world today (link). We shared all 21 lessons on Twitter & LinkedIn.
Marc Rubenstein wrote about banks inside Starbucks, Carnival, Naked Wines, & Delta. Link
Verdad did a deep dive into the biotech sector and what separates the winners and losers. Link
UBS Chief Economist Paul Donovan wrote about the dangers of confirming your beliefs. Link
The landmark trial of a former Vitol trader led to one of the first commodity traders to face meaningful prison time for corruption. Link
Micro & SmallCap Shareholder Yield
The Cambria Micro & SmallCap Shareholder Yield ETF focuses on US based small and mid-cap high cash distribution companies.
MYLD’s process goes beyond focusing on just dividends alone to include buybacks and debt paydown, a trio collectively known as shareholder yield. The result is a portfolio of companies that rank highly on shareholder yield and offer strong free cash flow characteristics.
Get access to shareholder yield in U.S. micro- and small-capitalization companies with the Cambria Micro & SmallCap Shareholder Yield ETF.
Distributed by ALPS Distributors, Inc. Investing involves risk, including possible loss of capital. To determine if this Fund is an appropriate investment for you, carefully consider the Fund's investment objectives, risk factors, charges and expense before investing. This and other information can be found in the Fund's full or summary prospectus which may be obtained by calling 855-383-4636 (ETF INFO) or visiting our website at www.cambriafunds.com. Read the prospectus carefully before investing or sending money.
Podcasts
 6/11/24 - 62 minutes | Former Home Depot CEO Frank Blake explains his leadership philosophy and how he carried the culture Home Depot is so well known for. |
 6/18/24 - 103 minutes | Andy Roddick gives a peak behind the curtain of money in tennis, both for all players and his personal experiences. |
 6/18/24 - 36 minutes | Rhode explains what the data says about top VC funds and how that informs her strategy of backing emerging managers. |
What Else Is Happening
Did you miss last week’s email?
Meb Faber spoke with Ian Cassel about investing in micro cap stocks.
Deal of the Week
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