Icons and Ideas with Peter Mallouk

Peter sits down with economist, author and Wharton School professor Jeremy Siegel for a candid conversation on the economic forces impacting Americans today. Siegel’s rigorous research and data-driven insights have long been influential in shaping investment strategies, explaining market behavior and understanding the impact of inflation on investment returns. When Siegel talks, investors pay attention.00:00 Introduction04:02 Why Jeremy argues stocks are the most stable asset class in the long term07:40 What bonds can be good hedges against09:16 The market, COVID-19 and the government’s response15:00 Why more than one-third of Americans are priced out of the housing market15:40 How deficit spending impacts the American economy21:10 Siegel’s take on the biggest threats to the American economy26:27 Trump’s tariffs and their impact on the economy34:53 Cryptocurrency and how it could change the U.S. payment system38:55 The shift toward private markets and equity40:17 Siegel’s take on what makes Americans exceptional RESOURCESFollow Peter on his social media accounts: X | LinkedIn | Instagram | FacebookFollow Creative Planning’s social media accounts: X | LinkedIn | Instagram | Facebook

Retired four-star General David Petraeus, former CIA Director and current Chairman of KKR Global Institute, delves into the evolving global landscape. He discusses how the reversal of globalization and current geopolitical tensions are reshaping investment risks. Petraeus highlights the significance of drones in modern warfare and analyzes the Ukraine conflict's dynamics. He also shares insights on Israel's objectives in Gaza and warns about the strategic challenge posed by China. His thoughts on AI's role in driving productivity add a forward-looking perspective to the conversation.

Marc Rowan, CEO of Apollo, a leading figure in private markets, explores the booming world of private credit and its potential. He defines private credit’s vast $40 trillion landscape and discusses its rising popularity amid current market conditions. Rowan highlights the convergence of public and private markets and the importance of origination and valuation in distinguishing successful investment managers. Delving beyond finance, he shares insights into Apollo's culture and his personal passions, including mountain biking and restaurants.

Larry Fink, Chairman and CEO of BlackRock, shares his inspiring journey from Southern California to Wall Street, highlighting a $100M loss that shaped BlackRock's risk-first culture. He discusses the importance of optimism in America's messy landscape, which drives innovation. Fink touches on pressing concerns like U.S. deficits and the need for private capital, as well as the evolving landscape of crypto and AI. He emphasizes the enduring value of human connection amidst technological change, and his legacy aims to foster strong leadership at BlackRock.