The Meb Faber Show Podcast: Managing Risk Starts with Imagining the Unimaginable. 01/25/2021
Salem joins Meb Faber on The Meb Faber Show podcast.
"In today’s episode, we’re talking with Salem about a lifetime of trend-following. Salem explains how a chance meeting with Turtle Trader Jerry Parker was his first encounter with ideas he would build his career on. We talk about the importance of risk management and diversification by utilizing assets other than equities. Then he explains how his relationship with the late Boone Pickens led to a foundation that had such good returns that he opened it up to the public and runs to this day. We touch on asset classes ranging from the dollar, bitcoin, farmland, and even trailer parks.
As we wind down, we hear how the hedge he put on in February turned $200,000 into $6 million in 37 days, returning 30x his money."
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