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

Iben sees the world's cheap, scarce hard assets and emerging markets as a better bet than a record-priced, concentrated S&P 500.

• Scarcity thesis: Since Iben's birth, money supply rose 111x and debt 135x, meaning the dollar has lost over 99% of its value—driving his preference for uncapturable assets like gold, platinum, uranium, farmland.
• South Korea reversal: Copernic bought Korean stocks (Hyundai, LG, telecoms) at a third of book value; after a 2024 political crisis dropped the market 25%, it rebounded a third within months.

Themes, sentiment and reasons are AI-written paraphrases, checked so they never quote an episode. They may contain errors. Not investment advice. Episodes remain the property of their creators.