Our guest this week is Meb Faber. Meb is cofounder and chief investment officer of Cambria Investment Management, which manages ETFs and separate accounts. In addition to his duties at Cambria, Meb is a prolific author who has written influential books on tactical allocation and endowment-styled investing, among other published works. He also hosts the popular Meb Faber Show podcast, is an active participant in financial Twitter at @MebFaber, and is the architect of The Idea Farm, a web-based research resource he developed for investors. Meb is an experienced angel investor in small, private businesses as well as an investor in alternative assets like farmland and rare coins. He graduated from the University of Virginia with a dual major in engineering science and biology. Meb, welcome to The Long View.