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Stock market investors spend most of their time below their previous all-time-high wealth, not at new peaks.

Drawn from what Meb Faber said

What these subjects mean

stock market Equities as a whole: what returns have been, whether prices carry information, and what attention does to them.

investing Putting money into markets on purpose: what a portfolio is for, whether active management earns its cost, and what money is actually a means to.

What Meb Faber actually said

Word for word, with the source under each one. They did not write this page.

  1. Meb Faber

    Co-founder and chief investment officer of Cambria Investment Management

    Stock investors spend about 80% of their time below their previous peak wealth. Only 20% of the time are you sitting at an all-time high.

Added to korrents 26 Aug 2026 · How quotes work · Something wrong? Tell us

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