# We Asked Meb Faber Why US Stocks Won for 250 Years — And If It Can Continue

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Text version: https://stenobird.com/podcast/excess-returns-902655/we-asked-meb-faber-why-us-stocks-won-for-250-years-and-if-it-can-continue.md
Podcast: [Excess Returns](https://stenobird.com/podcast/excess-returns-902655)
Published: 2026-07-05T11:20:25+00:00
Episode link: https://podcasters.spotify.com/pod/show/excess-returns/episodes/We-Asked-Meb-Faber-Why-US-Stocks-Won-for-250-Years--And-If-It-Can-Continue-e3lm241
Audio file: https://traffic.megaphone.fm/APO8811232750.mp3
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Duration seconds: 3698

## Resource

Meb Faber, co-founder and CIO of Cambria Investment Management, joins Excess Returns to discuss his new book, Investing in America: The Rise of a 250 Year Bull Market. We explore why the United States became one of the greatest long-term compounding stories in market history, what investors can learn from 250 years of booms and busts, and why Meb can be optimistic about America while still cautious on today’s expensive market-cap-weighted S&P 500. Investing in America: The Rise of a 250 Year Bull Market https://amzn.to/4f1H5Aw Meb Faber on X https://x.com/MebFaber Main topics covered Why America can be viewed as the ultimate venture capital success story How joint stock companies, risk-taking and ownership helped shape the U.S. economy Why studying 250 years of market history changes how investors think about volatility The long-term case for stocks and why the time horizon matters so much Why bear markets are a natural part of capitalism and long-term compounding How U.S. market dominance happened and why it was not preordained Why expensive valuations, low dividend yields and new supply may matter today The role of dividends, buybacks, shareholder yield and reinvestment in long-term returns Why diversification across global stocks, bonds and real assets can help investors stay invested What gold, REITs and foreign stocks teach us about starting points and narratives Why early investing, child investment accounts and compounding can change investor behavior How creative destruction reshapes sectors, companies and the market leaders of each era Why Meb remains optimistic about America while still cautious on parts of the U.S. market Timestamps 00:00 Why America was not guaranteed to become the market winner 01:15 Meb Faber on writing Investing in America 02:25 Amer…

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