Top Podcasts of the Week

Below is our “Top Podcast” episode with our curator, Colby Donovan!

Today we have an episode about investing in longevity, health and psychedelics, Vernon Smith on financial bubbles, and Robert Shiller on current market valuations.

Investing

• The Pomp Podcast: #451 on Investing in Innovation. Christian Angermayer is the founder and CEO of Apeiron Investment Group, which serves as his family office, and previously built and invested in numerous multi-billion dollar companies. If you have companies built around ideas that Matthew Walker (author of Why We Sleep), David Sinclair (author of Lifespan) and Peter Attia all talk about, and add psychedelics, Angermayer is looking to invest in them. He explains what led him to focus on health, longevity and psychedelics, how he lives his life to expand longevity and improve health-span, and what types of companies he’s invested in. [December 14, 2020–1 hour, 19 minutes] iTunes Podcast | Spotify | Google | Breaker | Website Link

• This Week in Startups: E1152: Keith Rabois on leaving Silicon Valley for Miami, Roaring Twenties 2.0, IPO spree & more. Rabois is a well-known venture capitalist and one of the co-founders of PayPal, and recently decided he was going to move to Miami and leave Silicon Valley. He talks about why he chose to do so and how COVID helped show him it made sense. They hit on the issues with the government in San Francisco and if they expect a mass exodus to ensue. Then they discuss what they expect in 2021 as people begin to get vaccinated and pent up demand is unleashed on the economy. They wrap with the IPO & SPAC market with Rabois thoughts on Opendoor, which he co-founded and recently went public via an SPAC. [December 14, 2020–1 hour, 37 minutes] iTunes Podcast | Spotify | Google | Breaker | Website Link

• Infinite Loops: Alex Danco — Shopify, SPACs & Status. Danco has been at Shopify for the past six months and joins for a thoughtful episode on a variety of topics. He also talks about the evolution of the internet and how Shopify found a niche that eBay, Amazon, and others assumed was too small and not worth pursuing. They also touch on the benefits of Twitter to open source ideas and connect with people you wouldn’t otherwise, the importance of narrative when building a business, the rise of SPACs, and more. [December 17, 2020–1 hour, 14 minutes] iTunes Podcast | Spotify | Google | Breaker

• Behind The Markets Podcast: Robert Shiller & Meb Faber. To start the episode, Jeremy Schwartz and Professor Jeremy Siegel discuss the security breaches from the past week and what the outlook is for the stimulus bill and vaccine. Then they’re joined by Professor Robert Shiller, who talks about the current market valuations, which lead him to expect ~4% returns for the U.S. equity market over the next 10 years based on the CAPE Ratio. Professor Shiller also talks about recent research that adjusts the CAPE Ratio and why he’s overweighting his own portfolio to emerging markets. Then at the 38 minute mark, Meb Faber joins to discuss how investors should be positioned with U.S. stocks at (or near) all-time highs and bonds yielding essentially nothing. [December 18, 2020–53 minutes] iTunes Podcast | Spotify | Google | Breaker | Website Link

• The Jolly Swagman Podcast: Rational Minds Part 3: Rethinking Bubbles — Vernon Smith. Vernon Smith won the 2002 Nobel Prize in Economic Sciences and joins to talk all about financial bubbles. He looks at them from the point of view of group decision making, an individual’s own decision making, and the impact of the environment on the group and individual. He discusses why bubbles happen with financial assets like the stock market or housing but not with regular items like lettuce. Finally, he talks about studies he’s done over the years to show how peoples’ behavior changes when facing conditions of a financial bubble. [December 18, 2020–1 hour, 19 minutes] iTunes Podcast | Spotify | Google | Breaker | Website Link

The Rest

• Invest Like the Best: Sam Hinkie — Find Your People. Hinkie is the former GM for the Philadelphia 76ers, where he led “The Process” and tanked for more than three consecutive years before being fired by the team. He recently launched a venture capital firm called Eighty-Seven Capital. It’s a really thoughtful conversation about how to find people you want to either hire or devote a significant amount of time to, and how he approaches both of those. If you believe the idea you’re the average of the five people you spend the most time with, this is the episode about how to find those five people to be your best self. [December 15, 2020–1 hour, 17 minutes] iTunes Podcast | Spotify | Google | Breaker | Website Link

• The Tim Ferriss Show: #487: Dr. Martine Rothblatt — The Incredible Polymath of Polymaths. Rothblatt probably has the most unique story I have ever come across. She is the CEO of United Therapeutics (a biotech company she started to save the life of one of her daughters), previously created and led Sirius XM as its CEO, and designed the world’s first electric helicopter. She identifies as transgender-binary and has done a lot of work to lead the transgender community to establish their own health law standards. They cover every stop mentioned before and it is a truly fascinating interview. [December 16, 2020–1 hour, 58 minutes] iTunes Podcast | Spotify | Google | Breaker | Website Link

Meb Faber Show

• The Meb Faber Show: Episode #272: Best Idea Show — Tobias Carlisle, Acquirers Fund, “There Are Basically Three Big Periods Of Value Underperformance And They Seem To Congregate Around These Periods Of Technological Advancement. Carlisle is the founder and managing director of Acquirers Funds and a value manager. His best idea is microcap deep value stocks. He explains why over 200 years of data leads him to believe now is the time where value may begin to finally outperform. He talks about the setup compared to other years when the spread between value and growth was wide (1999/2000) and how the high P/E stocks are having multiple expansion and increasing earnings, while the opposite is true for low P/E stocks. He finishes with discussing some of his holdings, including $BH, $DHIL, $INTC, & $CSCO. [December 16, 2020–1 hour, 8 minutes] iTunes Podcast | Spotify | Google | Breaker | Website Link

• The Meb Faber Show: Episode #271: Gary Zimmerman, Max My Interest, Several Of The Banks On Our Platform Offer Preferential Rates That Are Only Visible On The Max Platform. Zimmerman is the Managing Partner of Six Trees Capital LLC and Founder of MaxMyInterest.com, which provides individuals an easy way to maximize their interest on cash deposits. He explains the origin of the idea, how it works, and why the RIA and financial advisor community is embracing the product offering. He also offers his thoughts on how banks will handle negative rates if it happens in the U.S. and why banks provide his clients a higher interest rate than their own clients.[December 14, 2020–56 minutes] iTunes Podcast | Spotify | Google | Breaker | Website Link

RECOMMENDATIONS

Books

Harley Finkelstein (President, Shopify):

1. Antifragile: Things That Gain from Disorder by Nassim Taleb

2. The Hard Thing About Hard Things: Building a Business When There Are No Easy Answers by Ben Horowitz

3. High Output Management by Andy Grove

Kevin Kelly (Founder, Wired Magazine):

1. Finite and Infinite Games by James Carse

Sam Hinkie (Former 76ers GM, Founder of Eighty-Seven Capital):

1. Means of Ascent by Robert Caro

2. The Passage of Power: The Years of Lyndon Johnson by Robert Caro

Good investing,Meb Fabertheideafarm.com