Barron's Live Building Wealth in Wild Markets
Jul 21, 2025
Jack Ablin, Chief Investment Officer and Founding Partner of Cresset, shares his wealth management expertise during a riveting discussion. The market's unpredictable nature is dissected, highlighting the impact of the Federal Reserve and the rise of AI on investment strategies. Ablin emphasizes finding value in volatile conditions, while evaluating corporate breakups and their benefits for shareholders. Listeners gain insights into the intricacies of market dynamics, asset diversification, and the contrasting wealth strategies of individuals and family offices.
AI Snips
Chapters
Transcript
Episode notes
Market Rally Despite Uncertainty
- The stock market's 2023 rally defied global policy uncertainty largely due to perceived political support and easing rhetoric.
- Valuations are stretched, and a market correction of about 28% could occur if prices snap back to earnings growth trends.
AI Boosts Economic Productivity
- The economy shows resilience though profit margins are narrowing and earnings growth is slowing.
- AI-induced productivity gains are viewed as a key long-term driver for improved living standards without inflation.
Tesla: Car or AI Play?
- Tesla’s valuation reflects a tension between being a car company and an AI/robotics company.
- Investor focus will be on product innovation announcements and Elon Musk’s leadership signal during earnings.