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

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