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Porter recalls his thesis on Fannie Mae and Freddie Mac and explains why you should understand the financial fiction of these two entities, and how their “rescue” in 2008-2009 may have led to a massive government theft in the end. A Phelps vs. Shark comparison reminds us that nothing is free...and why this assumption is one of the biggest mistakes you can make in investing and life. Buck and Porter discuss truth and integrity in the legal system featuring the real-life fiction of “Mattress Girl” and how she represents a disturbing administrative trend on college campuses. Special guest Meb Faber, Chief Investment Strategist at Cambria Investment Management and host of the popular Meb Faber Show joins Porter and Buck to reveal his thoughts on “smart beta” – a term he’s renounced that nonetheless helped him rise in the investing world to eventually manage $1 billion in assets.