Meb Faber: Warren Buffett Didn't Follow His Own Advice | #631

About this episode

Meb Faber discusses investment strategies and the importance of global diversification while reflecting on Warren Buffett's advice.

While in Omaha for Berkshire week, Meb hopped on another podcast as a guest. It was a fun one, so we're releasing it here as well. In today's episode, Meb Faber makes the case against home country bias, pointing to Korea's near-triple and Japan's decades-long round trip as reminders that cycles always turn. He explains why shareholder yield tells a truer story than dividends, why there are now more ETFs than stocks, and why tax alpha matters more than chasing returns. To close, Meb reflects on multi-decade compounding — and the mistakes that quietly take investors out of the game. (0:00) Starts (2:06) Meb's thoughts on Warren Buffett (5:11) Global diversification and home country bias (14:29) Shareholder yield (27:45) Positive investment behaviors (30:19) The ETF industry and the current investment landscape (35:18) Rapid fire questions ----- Sponsor: Want to learn more about 351 Exchanges? Visit the Alpha Architect 351 Education Center for use cases, tools, FAQs, upcoming launches, and more. Investments in securities entail risks, including possible loss of principal and are not suitable for all investors. ----- Follow Meb on X, LinkedIn and YouTube For detailed show notes…

People in this episode

Host: Meb Faber

Topics covered

• home country bias
• global diversification
• shareholder yield
• ETF industry
• investment behavior
• compounding

Keywords

• home country bias
• shareholder yield
• ETFs
• investment landscape
• compounding
• Warren Buffett
• global diversification

Sponsors

Alpha Architect

Mentioned in this episode

Organizations: Berkshire, Cambrian Investments

More episodes of The Meb Faber Show - Better Investing

• Jim Grant: AI Is “One of the Greatest Bubbles of All Time” | #634 · June 12, 2026 · 1h 8m
• Charley Ellis on How America Actually Got Built (Investing in America Series) | #633 · June 8, 2026 · 54 min
• William Goetzmann: From Babylon to Bubbles — A 5,000-Year History of Finance (Investing in America Series) #632 · May 29, 2026 · 52 min
• Tom Lee: The Market Can Climb Higher—But Expect Turbulence | #630 · May 15, 2026 · 44 min
• Why Bonds Are Back: PIMCO’s Marc Seidner on the Best Fixed Income Setup in Years | #629 · May 1, 2026 · 40 min
• Dividend Myths That Distort Markets (w/ Sam Hartzmark) | #628 · April 24, 2026 · 1h 5m