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Meb Faber criticizes the quality and consistency of fund ratings, noting that different ratings are applied to the same analysts across various funds at his firm.
He points out inconsistencies between automated and subjective reviews, highlighting that he found 10 errors in a single summary. Faber expresses frustration with the rating process but states his appreciation for his colleagues.
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Faber has previously commented on broader market themes. He shared Russell Napier's perspective that credit acts as an economic stimulus similar to a drug, potentially leading to long-term dependence (Credit likened to a drug driving economies, Meb Faber notes). In another interview, Faber aligned with Jim Grant's view that gold prices reflect confidence in central bank-managed paper currencies (Meb Faber: Gold as inverse measure of faith in paper currencies).