The Trinity Portfolio: A Long-Term Investing Framework Engineered For Simplicity, Safety, And Outperformance

The Trinity Portfolio: A Long-Term Investing Framework Engineered For Simplicity, Safety, And Outperformance by Meb Faber, Cambria Investment Management

I am a quant.

In other words, data, numbers, and verifiable results dictate my investment decisions. This makes it difficult for me to place my faith in any one investment strategy – much less advocate it to others. Yet that’s what I’m doing in this paper, as I find myself strongly believing in the investing framework I’ll detail in the following pages.

There are a few reasons why I’m willing to stand behind this strategy. First, based on my personal research, it produces returns that historically outperform those of common benchmark portfolios. Second, the same research suggests it does this with...