Are Buybacks Better Than Dividends? | Meb Faber Interview

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 researchThis 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 Faber00:30 Welcome Meb Faber and background of Cambria Asset Management02:07 Meb's approach to dividend investing05:28 How buybacks can benefit dividend investors08:50 CEO's capital allocation choices09:43 Intro to Shareholder Yield12:00 What good is a buyback if dividend investors never plan on selling shares?15:12 Buybacks vs. dividends in non-taxable accounts17:50 Bias and tribe mindset in investing18:35 Argument against buybacks20:35 Deep dive on Shareholder Yield process23:15 Recency bias in investor's minds24:23 Meb's opinion on high-yield option income ETFs27:00 Importance of building a plan in investing29:47 Overview of SYLD and FYLD ETFs34:20 Where to learn more information about Cambria and Shareholder Yield