The Meb Faber Show - Better Investing
MurmurCast publishes AI-generated summaries of The Meb Faber Show - Better Investing’s Podcast episodes — 26 summarized so far, covering AI impact on software companies, Pre-seed venture capital investing, Enterprise software defensibility, Job displacement from AI, Portfolio company examples, Investment strategy and exits. Each summary distills the key insights, topics, and takeaways so you can decide what’s worth your time before pressing play.
Software Winners & Losers in the Age of AI (w/Alex Rubalcava & Paul Bricault) | #626
Alex Rubalcava and Paul Bricault discuss the current state of software companies amid AI disruption, their venture fund Amplify LA's pre-seed investment strategy, and how AI is transforming enterprise software through increased productivity and workflow automation. They share specific examples of portfolio companies leveraging AI and discuss which types of software businesses are most vulnerable to displacement.
Liquid Private Equity & Volatility Laundering (Owen Lamont & Randy Cohen) | #625
Owen Lamont and Randy Cohen discuss the problems with private equity's volatility smoothing practices and present the concept of 'liquid private equity' - using public markets to replicate private equity strategies through factor investing. They also explore their 'best ideas' research showing that managers' top-conviction picks significantly outperform.
The King of Coins & Collectibles - Van Simmons | #624
Van Simmons, president of David Hall Rare Coins and co-founder of PCGS, discusses the current state of collectibles markets, particularly rare coins and sports cards. He explains how the market is bifurcated between high-end rare items that remain strong and common items that have lost value due to oversupply.
The Geopolitical Shock Playbook (Mike Wilson, Morgan Stanley) | #623
Mike Wilson, Morgan Stanley's Chief U.S. Equity Strategist, discusses his concept of 'rolling recessions and recoveries,' argues we're in a new inflationary regime similar to the 1940s-50s, and explains why he favors small caps and equal weight strategies over market cap weighted approaches in 2025.
The Tax Alpha Arms Race (w/ Wes Gray & Brent Sullivan) | #622
The discussion explores tax optimization strategies, particularly 351 ETF exchanges for concentrated positions, with experts Wes Gray and Brent Sullivan analyzing the regulatory landscape and various tools for tax-efficient investing. They examine the complexities of tax-managed portfolios while addressing misconceptions about these strategies being 'tax dodges' rather than legitimate deferrals.
#69 - Jason Calacanis - “This is a Little, Secret Way... A Dark Art of Becoming Truly Wealthy... Massive Wealth"
Jason Calacanis, a renowned angel investor and podcaster, discusses the fundamentals of angel investing, including how to identify opportunities in the "Goldilocks zone" before venture capital enters, the importance of starting small with $1,000-$5,000 bets, and the critical role of being in Silicon Valley. He emphasizes that angel investing is a accessible path to building substantial wealth that most people don't know about, requiring primarily capital, time, network, or expertise.