Finance
Are Buybacks Better Than Dividends? Meb Faber Interview
Date: 2025-09-20 17:02:02
I’m excited to welcome a very special guest—Meb Faber. Meb is the Co-Founder and Chief Investment Officer of Cambria Investment Management, host of The Meb Faber Show podcast, and a well-known author and researcher in global markets, asset allocation, and income strategies.
In this interview, we dive deep into dividend investing, shareholder yield, and income-focused ETFs.
Meb shares his thoughts on:
– The benefits and downsides of dividend growth investing
– Why he believes shareholder yield is a smarter approach than dividends alone
– His candid take on the boom of options-income ETFs
– A deep dive into Cambria’s ETFs SYLD & FYLD
– Where you can learn more about his work, funds, and research
This is a must-watch for income investors, dividend growth enthusiasts, and anyone looking for smarter strategies to build wealth.
Timestamps:
00:00 Intro to Meb Faber
00:30 Welcome Meb Faber and background of Cambria Asset Management
02:07 Meb’s approach to dividend investing
05:28 How buybacks can benefit dividend investors
08:50 CEO’s capital allocation choices
09:43 Intro to Shareholder Yield
12:00 What good is a buyback if dividend investors never plan on selling shares?
15:12 Buybacks vs. dividends in non-taxable accounts
17:50 Bias and tribe mindset in investing
18:35 Argument against buybacks
20:35 Deep dive on Shareholder Yield process
23:15 Recency bias in investor’s minds
24:23 Meb’s opinion on high-yield option income ETFs
27:00 Importance of building a plan in investing
29:47 Overview of SYLD and FYLD ETFs
34:20 Where to learn more information about Cambria and Shareholder Yield
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#dividendstocks #buybacks #investing
