While everyone else was at the beach celebrating another S&P up year, global value stocks quietly returned 50% — and Meb Faber is done being polite about it.

Cambria Investment Management Founder and CIO Meb Faber joins Pierre Daillie on Insight Is Capital for a conversation that starts where most investment discussions are too comfortable to go. US equities are expensive, concentrated, and priced at CAPE ratios within striking distance of their all-time peak. Yet the complacency is total: the S&P is up mid-teens again, the beach crowd is happy, and almost no one is paying attention to the fact that global value stocks returned 50% last year and are up 25% again this year. Meb and Pierre dig into why that gap exists, what it reveals about herd behavior and passive indexing dogma, and what a genuinely diversified portfolio — one that includes shareholder yield, trend following, real assets, and ex-US exposure — actually looks like in practice. Along the way, Meb dismantles some of the most persistent myths in finance: that dividends are a free bonus, that T-bills are safe, that passive indexing means owning the S&P 500, and that buybacks are a modern invention. His new book, Investing in America: The Rise of a 250-Year Bull Market, surfaces as the historical backdrop to all of it — a reminder of what patient capital actually earns across generations, and a quiet indictment of everything designed to distract investors from that truth.

00:00 — Introduction: 250 years, one chart, $1 into $200 million

03:00 — COVID, meme stocks, and a generation let in through the casino door

06:30 — Creative destruction: why the top companies of every decade eventually vanish

09:00 — Railroads, dark fiber, AI: how every bust seeds the next expansion

12:30 — The valuation problem: writing a US bull market book when US stocks are historically expensive

15:30 — CAPE at 42, dividend yield at 1%: the global opportunity hiding in plain sight

18:00 — The 50% return nobody at the beach is talking about

21:00 — Time Billionaires: human capital, ownership mentality, and the delayed gratification problem

26:30 — Young investors have always been gamblers — the narrative of desperation is wrong

27:30 — Nominal vs. real: why T-bills have had a 50% drawdown and almost no one knows it

30:00 — The dividend myth: 80% of retail investors think a dividend is a free check

35:30 — Shareholder yield: why ignoring buybacks gives you an incomplete and often negative picture

44:00 — SYLD's 10-year track record: top decile across three geographies

46:00 — Energy: from a third of the S&P to under 5%, and what that asymmetry means now

50:00 — Trend following and managed futures: the AI optimizers say 15 to 30%, zero investors do it

55:00 — The investing pyramid: the 80% that matters before any of the sexy 20%

01:01:00 — Passive investing's Achilles heel: market cap weighting loads you into the most expensive things at the worst time

01:08:00 — The passive dogma problem: nobody who calls themselves an indexer actually indexes globally

01:13:00 — One habit young investors must build; one habit seasoned investors must unlearn

#MebFaber #CambriaInvestments #GlobalDiversification #ShareholderYield #InternationalEquities #ValueInvesting #TrendFollowing #ManagedFutures #PassiveInvesting #ETFinvesting #FactorInvesting #BehavioralFinance #WealthManagement #InvestmentStrategy #FinancialAdvisor #PortfolioConstruction #InsightIsCapital #AdvisorAnalyst #StockMarket #GlobalValueStocks

What if the firm disrupting the ETF industry launched 197 funds in its first year — and priced them cheaper than Vanguard?

Jeff Weniger, Chief Investment Strategist at Corgi Invest, joins hosts Pierre Daillie and Mike Philbrick on Raise Your Average for a wide-ranging conversation that moves from the macro landscape of mid-2026 — rising yields, a surprisingly hot economy, and the great AI infrastructure build-out — to the audacious product shelf of one of the ETF industry's boldest new entrants. Jeff brings his trademark macro clarity, market history, and plain-spoken honesty to a conversation that covers bubbles, bond vigilantes, copper, fiscal profligacy, and the case for precision over breadth in portfolio construction.

00:00 — Bubbles as a feature of capital formation: railroads, dark fiber, and the AI build-out

Corgi Invest

Jeff Weniger on Linkedin

#RaiseYourAverage #ETFinvesting #JeffWeniger #CorgiInvest #BufferETFs #MacroInvesting #InterestRates2026 #AIboom #ThematicETFs #BondMarket #WealthManagement #AdvisorInvesting #FinancialAdvisor #MarketOutlook2026 #AdvisorAnalyst #PierreDaillie #MikePhilbrick #ETFstrategy #PortfolioConstruction #CopperBull

What do electricity, a forgotten 1920s financier, and Bobby Orr have to do with building a portfolio that wins in 2026? More than you think.

Pierre Daillie sits down with David Wong, Group Chief Investment Officer at CIBC Global Asset Management, who oversees investment teams across Canada and the US and runs more than $100 billion in managed solutions. With nearly three decades of experience, including a front-row seat to the 2008 crisis in New York, David brings a rare "anything can happen" perspective to a market that looks constructive yet crowded.

The conversation ranges from the AI super cycle and why it may rhyme with the 1870 to 1970 productivity boom, to the uncomfortable lesson of Samuel Insull, who backed the right technology and still faced ruin. David lays out where conviction and caution sit in equities and fixed income, why Canada deserves a second look, and how quant, low volatility, alternatives and high-conviction active management each play a role on an all-star roster built for any kind of game.

Along the way, he pulls back the curtain on how a $400 billion manager actually makes decisions, from a monthly investment committee to a daily 8 AM "Kaizen" meeting that brings a couple hundred people together across North America. The episode closes with the one thing David believes advisors are underestimating right now.

Chapters

00:00 Introduction: offense, defense and discipline

A business owner can spend a lifetime building something extraordinary, and still have it quietly dismantled at death by a tax bill no one planned for.

In this episode of Cover Your Assets, hosts Pierre Daillie and Ayal Cohen are joined by Eric Orr, Advanced Case Director of Sales at IA Financial Group, for a deeply illuminating conversation about what it really takes to protect a business owner's wealth, legacy, and the continuity of everything they have built. Drawing on 25 years of experience as an advisor and advanced case specialist, Eric helps advisors see what most business owners cannot yet see for themselves: that even the most carefully structured estates, shareholder agreements, and holding companies can unravel at the moment of transition, not from poor intentions, but from the absence of liquidity when it matters most.

Eric walks through how CRA's very legal form of double taxation silently erodes business estates, why a beautifully drafted buy-sell agreement offers no protection without funding behind it, and how Canada's wealthiest families use cascading and corporate-owned insurance to move generational wealth elegantly and tax-efficiently. He also shares how advisors can open these conversations in ways that feel natural and genuinely helpful, surfacing planning gaps that business owners and their families did not know existed, and guiding them toward strategies that preserve what they have spent a lifetime creating.

Whether you work in insurance, wealth management, or both, this episode reframes advanced insurance planning not as a product conversation, but as one of the most powerful acts of stewardship an advisor can offer.

00:00 The problem no one sees coming: four liabilities, one moment

#EstatePlanning #SuccessionPlanning #LifeInsurance #WealthTransfer #BusinessOwners #TaxPlanning #FinancialAdvisors #InsuranceAdvisors #BuySellAgreement #CorporateInsurance #CanadianTax #WealthManagement #FamilyBusiness #LegacyPlanning #CRA #BusinessContinuity #InsuranceStrategy #WealthPreservation #CoverYourAssets #IAFinancialGroup

Ric Edelman was early on Bitcoin. He was right. Now he explains why the argument has changed completely.

Ric Edelman, founder of Edelman Financial Engines (one of the largest independent RIA Firms in the U.S.), the Digital Assets Council of Financial Professionals (DACFP) and one of the architects of modern independent wealth management, joins Pierre Daillie and Mike Philbrick on Raise Your Average for a searching, unvarnished conversation about where the digital asset story actually stands today.

00:00 – Introduction: why most Bitcoin opinions haven't been earned

01:13:00 – Final thought: crypto as the most intellectually interesting asset class alive

DACFP - Digital Assets Council of Financial Professionals

Ric Edelman on Linkedin

#Bitcoin #CryptoForAdvisors #DigitalAssets #DACFP #RicEdelman #BitcoinETF #Tokenization #Stablecoins #ClarityAct #CryptoRegulation #WealthManagement #FinancialAdvisors #RIA #BlockchainAdoption #CryptoEducation #RaiseYourAverage #InvestmentAdvisors #PortfolioAllocation #BitcoinAllocation #CryptoInvesting #CBDA #FinancialPlanning #AdvisorTech #CryptoMarket #BitcoinBehavior

35% of Canadian retail investors have made a financial decision because of a finfluencer. Here's why that's the best news advisors have heard in years.

The way investors learn about money has been rewired, scroll by scroll, on platforms never built for financial advice. In this episode of Insight is Capital, Pierre Daillie sits down with Stephanie Wolfe, EVP and Head of Marketing at Global X Canada, to unpack what her team's research reveals about how Canadians actually consume financial content, and why the rise of finfluencers, short-form video, and AI verification tools may be strengthening, not eroding, advisor credibility.

Drawing on two decades of financial marketing leadership at Franklin Templeton, BlackRock, and now Global X, Stephanie explains why the trust equation has shifted from brands to people, what a Reddit AMA taught her about authenticity, and how time-crunched advisors can meet clients where they are without becoming content creators themselves. She also shares a sneak peek of unreleased research on how AI is lengthening, and reshaping, the investor decision journey.

Chapters

00:00 - The ground has shifted: finfluencers go mainstream

03:40 - Stephanie's career arc: Franklin Templeton, BlackRock, Global X

05:45 - What the research says investors actually want

10:50 - "They don't know what they don't know": the new client conversation

13:30 - The two-to-five-minute sweet spot and Dunbar's number

15:50 - Quarterly client events as trust and referral engines

20:05 - The access gap: investors who can't find an advisor

22:40 - Inside a Reddit AMA: how trust really works on platforms

27:45 - Content strategies for time-crunched advisors

31:20 - Sneak peek: new research on AI, finfluencers, and Quebec investors

36:30 - The biggest content mistake hiding in plain sight

40:10 - Deepfakes, regulation, and the next two years

44:20 - How investors really make decisions: signals, not straight lines

#Finfluencers #FinancialAdvisors #Investing #ETFs #WealthManagement #GlobalXCanada #InvestorEducation #FinancialMarketing #PersonalFinance #CanadianInvestors #AIinFinance #FinTwit #AdvisorMarketing #FinancialContent #InsightIsCapital

Three years ago, BMO Global Asset Management (BMO GAM) launched a fund that defied traditional categories. It wasn't quite equity, and it wasn't quite fixed income. Advisors weren't always sure where it fit, and that was precisely the point.

00:00 Introduction: The Two-Box Problem

Please watch to the end of the video for full disclaimers.

#StructuredProducts #AutoCallables #IncomeInvesting #YieldInvesting #BMO #BMOGlobalAssetManagement #SEYF #ConvergenceInvesting #CanadianInvesting #ETF #FixedIncomeAlternatives #WealthManagement #FinancialAdvisors #InvestmentStrategy #AlternativeIncome #PortfolioConstruction #DownsideProtection #RetirementIncome #InsightIsCapital #AdvisorAnalyst #CanadianFinance #ZCDX #ZAAA #BillBamber #PierreDaillie #FinancePodcast #CanadianMarkets

The anonymous analyst who predicted Carney's election and energy pivot, China's solar collapse, and the Iran oil bluff — before anyone else was even asking the question — pulls back the curtain on exactly how he thinks, and what's unfolding.

Pierre Daillie sits down with Doomberg, the anonymous author behind one of Substack's most widely read energy and finance publications, for a wide-ranging conversation about how to think clearly in a world saturated with noise, spin, and bad incentives. Whether you follow markets, care about where energy comes from, or simply want to understand the forces quietly reshaping the global economy, this episode is essential listening.

Doomberg opens by explaining the difference between linear and lateral thinkers — and why the ability to explore an idea you don't necessarily believe is the secret behind every major call his team has made. From predicting Mark Carney's pipeline pivot months before it happened to flagging China's solar pullback before installations fell nearly eighty percent year over year, each call came from the same discipline: build a mental model, use it to make predictions, and throw it out the moment it stops working.

The conversation then unpacks the hidden logic of global energy — why oil, gas, and coal are slowly converging toward the same price when measured by what they can actually do, and how China has spent decades quietly positioning itself to win an energy war it never officially declared. The Iran conflict, far from being a Middle East story, turns out to be a proxy move in a much larger contest over who controls the fuel that powers the modern world.

The final act connects energy to artificial intelligence in a way most people haven't considered. Every AI model, every data center, every query runs on electricity — and the race to build that infrastructure is running headlong into permitting walls, protest movements, and a regulatory system never designed for this scale. Doomberg's axiom is simple and radical: the human drive toward infinite compute will sweep every obstacle aside. The question is how fast, and who profits from what gets built along the way.

00:00 — Introduction: the calls nobody else made

#Doomberg #EnergyMarkets #AIEnergy #DataCenters #ChinaEnergy #NaturalGas #IranOil #MarkCarney #CanadaPipelines #LNG #LateralThinking #MentalModels #HowToThink #GeopoliticsExplained #EnergyGeopolitics #AIInfrastructure #ElectricityGrid #PermittingReform #InsightIsCapital #FinancePodcast #EnergyInvesting #MacroEconomics #GlobalEnergy #FutureOfAI

Markets can recover from a downturn. Your retirement cannot recover from cyber fraud.

In this episode of Insight Is Capital, host Pierre Daillie sits down with Cary Williams, Portfolio Manager and Director of Research at North Road Investment Counsel, and Mykhailo "Misha" Niemtsev, North Road's Digital Risk Advisor, to make a compelling and data-backed case that cyber fraud belongs in every retirement plan alongside inflation, longevity, and sequence-of-returns risk.

Drawing on Canadian Anti-Fraud Centre data, their whitepaper The Retirement Risk No One Is Planning For, and direct client experience, Cary and Misha reveal that the average spear phishing loss per victim reached $107,000 in 2024, representing 10 to 15 percent of the average retiree's liquid assets. They examine the AI-powered tools criminals now deploy, including voice cloning, deepfake video, and automated phishing at massive scale, and explain why the very clients who believe they are immune are statistically the most vulnerable. Misha walks through the eight-module digital protection program he has built for North Road's high-net-worth clients, distilling it into the 20 percent of actions that deliver 80 percent of the protection, and makes the case for advisors to add cyber risk to every client conversation, not as a footnote, but as a standing agenda item.

0:00 - Introduction: The retirement risk that never appears in the plan

Whitepaper:The Retirement Risk No One Is Planning For

Free Digital Risk Self-Rating Tool (anonymous, no email required): Take the Digital Risk Quiz at northroadic.com

#CyberFraud #RetirementPlanning #FinancialPlanning #WealthManagement #Cybersecurity #IdentityTheft #ElderFraud #RetirementRisk #InsightIsCapital #DigitalRisk #SpearPhishing #AIScams #CanadianInvestors #FinancialAdvisors #ProtectYourRetirement #CyberSecurity #RetirementSecurity #FraudPrevention #WealthProtection #CanadianFinance

What if the biggest edge in manager selection wasn't due diligence, but ownership — literally betting your own balance sheet alongside the managers you back?

In this episode of Insight is Capital, host Pierre Daillie sits down with Ash Lawrence, Head of AGF Capital Partners, to unpack a strategy that flips traditional manager selection on its head: AGF doesn't just allocate capital to alternative managers, it takes meaningful ownership stakes in them. Ash explains why AGF holds majority or significant equity in New Holland Capital, Kensington Capital Partners, and SAF Group — three managers spanning absolute return, private credit, private equity, and venture capital — and how that ownership model delivers deeper transparency, better alignment, and real accountability that a typical sub-advisory relationship can't match.

#AlternativeInvestments #PrivateEquity #PrivateCredit #VentureCapital #AGFCapitalPartners #AshLawrence #InsightIsCapital #WealthManagement #FinancialAdvisors #DefenseTech #HedgeFunds #PortfolioDiversification #InvestingPodcast #AssetManagement #ManagerSelection #MacroInvesting #CanadianFinance #InvestmentStrategy