Dave Iben: The World Is on Sale While America Trades at a Premium | #652

In today's episode, Dave draws on 45 years and over 100 countries to argue why scarcity still matters in a world obsessed with infinite money and AI. He makes the case that the world trades at a discount while America sits at record valuations.  To close, Dave explains why undervalued commodities eventually catch up with inflation. (0:00) Starts (5:13) Dave Iben on investing in scarce assets (9:24) Accessing farmland and global agricultural assets through public markets (11:34) Finding value in emerging markets, with a focus on South Korea (18:18) Portfolio management, valuation risk in S&P 500 and AI stocks (24:36) Historical parallels, underweighting the index, and finding stock ideas in unique countries (28:33) Investing in China, India, nuclear power, and other overlooked Asian markets (31:27) Brazil, Argentina, scarcity, local sentiment, and the role of AI and human judgment \----- **Sponsor:** ⁠Upwork⁠⁠⁠ is the world's largest human and AI-powered freelance marketplace to hire top talent—trusted by businesses and professionals worldwide. \----- Follow Meb on⁠ X⁠**,**⁠ LinkedIn⁠ and⁠ YouTube For detailed show notes, click here To learn more about our funds and follow us, subscribe to our mailing list or visit us at cambriainvestments.com \----- Follow The Idea Farm: X | LinkedIn | Instagram | TikTok \----- Interested in **sponsoring** the show? Email us at [Feedback@TheMebFaberShow.com](mailto:Feedback@TheMebFaberShow.com) \----- Past guests include Ed Thorp**,** Richard Thaler**,** Jeremy Grantham**,** Joel Greenblatt**,** Campbell Harvey**,** Ivy Zelman**,** Kathryn Kaminski**,** Jason Calacanis**,** Whitney Baker, Aswath Damodaran**,** Howard Marks**,** Tom Barton, and many more.  \----- Meb's invested in some awesome startups that have passed along discounts to our listeners. Check them out here!  \----- *Editing and post-production work for this episode was provided by The Podcast Consultant (*https://thepodcastconsultant.com*).*