In this 400th episode of the Take 15 Podcast, Mebane Faber, a cofounder and chief investment officer of Cambria Investment Management, and our guest host, Rodney Sullivan, CFA, discuss industry trends and global asset allocation strategy as we head into a new decade of the 2020s. Mr. Faber cautions investors about "home country bias" and recommends allocating investments toward the world market portfolio, particularly with lofty valuation levels in the United States from an historical perspective. Mr. Faber discusses changes to the industry that will affect financial advisers, including the impact of zero commissions and the rise of systematic or quantitative investing. He also shares why he believes financial advisers need to reassess their business risks as we enter the later stages of the economic cycle.