Cambria Investment Management's Meb Faber joins the show to talk about the exchange
traded funds ("ETFs") at Cambria and why the team focuses on shareholder yield when
picking stocks for these ETFs. He breaks down the importance of shareholder yield in mega
bubble markets like today's and urges investors to pay more attention to it.

Meb then discusses managing risk on a portfolio level, including focusing on quality and
value. He also covers why emerging and foreign markets are so attractive today, the
opportunity in fixedincome investments like bonds and Treasury bills, and how higher
interest rates have changed the game.

Finally, Meb describes himself as a value investor and shares which areas of the economy
he's most concerned about. He talks about inflation driving commodities sharply higher, gold
hitting new highs, and why investing at alltime highs can still be a smart choice.

1:20 Meb Faber Talks Shareholder Yield
15:11 Managing Risk, Emerging Markets, Bonds
33:52 Inflation Concerns and Gold's New Highs