Dave Iben: The World Is on Sale While America Trades at a Premium | #652
In today's episode, Dave draws on 45 years and over 100 countries to argue why scarcity still matters in a world obsessed with infinite money and AI. He makes the case that the world trades at a discount while America sits at record valuations.
To close, Dave explains why undervalued commodities eventually catch up with inflation.
(0:00) Starts
(5:13) Dave Iben on investing in scarce assets
(9:24) Accessing farmland and global agricultural assets through public markets
(11:34) Finding value in emerging markets, with a focus on South Korea
(18:18) Portfolio management, valuation risk in S&P 500 and AI stocks
(24:36) Historical parallels, underweighting the index, and finding stock ideas in unique countries
(28:33) Investing in China, India, nuclear power, and other overlooked Asian markets
(31:27) Brazil, Argentina, scarcity, local sentiment, and the role of AI and human judgment
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Past guests include Ed Thorp, Richard Thaler, Jeremy Grantham, Joel Greenblatt, Campbell Harvey, Ivy Zelman, Kathryn Kaminski, Jason Calacanis, Whitney Baker, Aswath Damodaran, Howard Marks, Tom Barton, and many more.
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Meb's invested in some awesome startups that have passed along discounts to our listeners. Check them out here!
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Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com).
