The Meb Faber Show
Welcome to The Meb Faber Show, where the focus is on helping you grow and preserve your wealth. Join us as we discuss the craft of investing and uncover new and profitable ideas, all to help you grow wealthier and wiser. Better investing starts here.
Dr. Bryan Taylor - Surprising Lessons from 100 Years of Financial History | #553
My guest today is Dr. Bryan Taylor, President and Chief Economist for Global Financial Data, which provides the most comprehensive, historical economic and financial information. In today's episode, Bryan walks through what he's learned from studying 200+ years of market concentration in the US. Then we dive into his analysis of financial history over the past eight centuries by breaking the past up into five historical eras. He shares how this can improve our understanding of the returns to stocks, bonds and bills and the equity risk premium in the future.
Key Points
- Market concentration is at its highest level in history, with the top ten companies accounting for over a third of the market cap of the top 500 firms.
- Periods of high equity risk premiums tend to fluctuate dramatically over time, often influenced by significant events like wars, government interventions, and inflation.
- Promoting free trade, minimizing government intervention, and fostering capital markets are key strategies for economic growth and strong financial markets.
Chapters
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| 32:24 |
Transcript
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