Eddy Elfenbein – OG Financial Blogger Turned ETF Manager | #601

Welcome to the Meb Faber show, where the focus is on helping you grow and preserve your wealth. Join us as we discuss the craft of investing and uncover new and profitable ideas, all to help you grow wealthier and wiser. Better investing starts here. Matt Faber is the cofounder and chief investment officer at Cambria Investment Management. Due to industry regulations, he will not discuss any of Cambria's funds on this podcast. All opinions expressed by podcast participants are solely their own opinions and do not the opinion of Cambria Investment Management or its affiliates. For more information, visit cambriainvestments.com. Today's show is sponsored by Cambria. Do you hold legacy investment positions with significant gains? What if you could transition into an ETF without facing a large tax bill? You can with the three fifty one ETF exchange. Here's how it works. Investors contribute stocks or other securities to a newly formed ETF in exchange for ETF shares. As long as the special rules and diversification requirements are met, the investor is essentially able to seed the launch of the ETF without an immediate taxable event. Because ETFs typically don't distribute any capital gains, investors don't face taxes until they sell their ETF shares, allowing for better control over the timing of the tax event. Are you ready to explore a three fifty one ETF exchange? Visit cambriafunds.com forward slash three fifty one to take the next step in innovative, tax savvy investing with Cambria today. Cambria Investment Management l p. Cambria is a registered investment adviser. Information set forth herein is for informational purposes only and does not constitute financial investment, tax, or legal advice. Past performance does not guarantee future results. All investments are subject to risks, including the risk of loss of principal. Welcome back, everybody. It's baseball playoff time. So no perfect guest to have on with someone, by the way, I can't believe has never been on the show before. Today's guest is Eddie Elfenbein, one of the OG financial bloggers. This is I I think it's twenty year anniversary. We're starting the blog at Crossing Wall Street. Eddie also runs the CWS ETF, which is from his annual buy list of 25 stocks. Eddie, welcome to the show. Thanks for having me. It Feels like just yesterday, we were sitting down having a beer in Washington DC. Where do we find you? You still in the capital? I'm still in Washington DC. I'm with all the unemployed people. There we go. Why'd you start blogging, by the way, in 2005? What's the origin story? This was around the time of the war in Iraq, and there were a lot of people who were political bloggers, and that sort of was that time that you could have feedback. Not everything was dominated by the media. And within that, I saw the emerging field of financial blogging. And the first person I really read was Barry Ritholtz. And here's a guy who, you know, is …