The Meb Faber Show · Friday, October 2, 2026
Meb Faber acknowledges that even sound investment strategies like shareholder yield can experience periods of underperformance. He notes that SYLD lagged its Morningstar category in 2024 and 2025, marking its first back-to-back years of underperformance since its inception.
“SYLD lagged its Morningstar category in both 2024 and 2025. its first back-to-back years training its category since inception in 2013.”
“That's uncomfortable, but it's entirely normal. Even sound strategies spin stretches out of favor.”