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 ----- Sponsor: ⁠Upwork⁠⁠⁠ is the world's largest human and AI-powered freelance marketplace to hire top talent—trusted by businesses and professionals worldwide. ----- Follow Meb on⁠ X⁠,⁠ LinkedIn⁠ and⁠ YouTube For detailed show notes, click here To learn more about our funds and follow us, subscribe to our mailing list or visit us at cambriainvestments.com ----- Follow The Idea Farm: X | LinkedIn | Instagram | TikTok ----- Interested in sponsoring the show? Email us at Feedback@TheMebFaberShow.com ----- 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. ----- Meb's invested in some awesome startups that have passed along discounts to our listeners. Check them out here! ----- Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com).