Capital Ideas Podcast

In the 2008 movie "The Curious Case of Benjamin Button," the title character played by Brad Pitt ages in reverse — from an old man to a young child. Could the U.S. economy be doing something similar? Capital Group economist Jared Franz thinks so. In this podcast, Jared explains his rationale and what it could mean for the financial markets. #CapGroupGlobal       For full disclosures go to capitalgroup.com/global-disclosures       For our latest insights, practice management ideas and more, subscribe to Capital Ideas at getcapitalideas.com. If you’re based outside of the U.S., visit capitalgroup.com for Capital Group insights.       Watch our latest podcast, Conversations with Mike Gitlin, on YouTube: https://bit.ly/CG-Gitlin-playlist       This content is published by Capital Client Group, Inc.       U.K. investors can view a glossary of technical terms here: https://bit.ly/49rdcFq       To stay informed, follow us       LinkedIn: https://bit.ly/42uSYbm       YouTube: https://bit.ly/4dFTE1B       Follow Mike Gitlin: https://www.linkedin.com/in/mikegitlin/       About Capital Group   Capital Group was established in 1931 in Los Angeles, California, with the mission to improve people’s lives through successful investing. With our clients at the core of everything we do, we offer carefully researched products and services to help them achieve their financial goals.     Learn more: capitalgroup.com       Join us: capitalgroup.com/about-us/careers.html     Copyright ©2024 Capital Group

Don O'Neal, a Capital Group Portfolio Manager specializing in growth investing, and Justin Toner, focusing on value investing, dive into the growth versus value debate. They analyze the potential resurgence of value stocks and the need for selective stock picking in today's market. The conversation highlights opportunities in consumer staples and healthcare, while also addressing the role of AI and variable dividends. Both speak on navigating market valuations and the challenges of timing, providing valuable insights for investors seeking balance.

Generative AI has the potential to revolutionize media and advertising, but what does this mean for investors? Brad Barrett, an investment analyst at Capital Group, speaks with Mike Gitlin about the evolution of streaming, the promises of generative AI, and lessons learned from past investment trends. Whether you're a financial professional or tech enthusiast, this episode offers valuable insights about the future of media. #CapGroupGlobal   For full disclosures go to capitalgroup.com/global-disclosures   For our latest insights, practice management ideas and more, subscribe to Capital Ideas at getcapitalideas.com. If you’re based outside of the U.S., visit capitalgroup.com for Capital Group insights.   Watch our latest podcast, Conversations with Mike Gitlin, on YouTube: https://bit.ly/CG-Gitlin-playlist   This content is published by Capital Client Group, Inc.   U.K. investors can view a glossary of technical terms here: https://bit.ly/49rdcFq   To stay informed, follow us:   LinkedIn: https://bit.ly/42uSYbm   YouTube: https://bit.ly/4dFTE1B   Follow Mike Gitlin: https://www.linkedin.com/in/mikegitlin/   About Capital Group Capital Group was established in 1931 in Los Angeles, California, with the mission to improve people’s lives through successful investing. With our clients at the core of everything we do, we offer carefully researched products and services to help them achieve their financial goals.   Learn more: capitalgroup.com   Join us: capitalgroup.com/about-us/careers.html   Copyright ©2024 Capital Group

Rob Beale, a Capital Group analyst specializing in innovative farming and regenerative agriculture, dives into the exciting future of food. He reveals how new sustainable practices are combating food waste and emissions. The conversation touches on breakthroughs in alternative proteins, like lab-grown meat, presenting them as efficient solutions to traditional farming challenges. Beale also discusses the pivotal role of major food companies in this agricultural revolution, emphasizing the need for resilience in investments for sustainability.

In a captivating discussion, U.S. economist Jared Franz dives into the profound impact of AI on economies and labor markets. He highlights the technology's hype versus reality, revealing that only a mere 5% of U.S. enterprises have adopted AI despite its advancements. Franz warns of an impending AI winter, stemming from the vast resources required for AI infrastructure. He also explores the rise of smaller language models and the skepticism surrounding artificial general intelligence. Tune in for valuable insights into AI's complex future!

Courtney Wolf, a fixed income portfolio manager at Capital Group and a former national champion lacrosse player, joins Mike Gitlin for a deep dive into the municipal bond market. She breaks down the benefits of tax-exempt income, explaining how revenue and general obligation bonds differ. The conversation also touches on her competitive spirit shaped by sports, the significance of teamwork in investment strategies, and personal insights on overcoming challenges. Wolf's journey from athlete to investor offers a unique perspective on finance and collaboration.

Chapman Taylor, a seasoned portfolio manager with over 30 years in emerging markets, shares his insights on Indonesia's potential as the next investment hotspot in Asia. He discusses Indonesia's recent governance improvements and economic reforms enhancing investment opportunities. Taylor explores the nation's strategic importance amidst global shifts, highlighting infrastructure growth and increasing foreign interest, particularly from China. He emphasizes the value of building relationships in successful investing and reflects on the lessons learned from Asia's evolving markets.

Todd Saligman is an insightful analyst from Capital Group focusing on troubled companies, while Steve Watson is a seasoned portfolio manager with expertise in crisis investing. They dive into the unique strategies for identifying opportunities in distressed firms, emphasizing a contrarian mindset. The duo discusses the resilient travel industry during the pandemic, highlighting contrasting outcomes between legacy and low-cost airlines. They also explore the resurgence of the cruise sector and delve into the psychological nuances influencing investment decisions.

Winnie Kwan, recognized as one of Morningstar's top female fund managers of 2024, shares insights from her journey as an equity portfolio manager. She reflects on the lessons learned from the Asian financial crisis and their application during the global financial crisis. Kwan discusses emerging market growth themes and the importance of patience and collaboration in investing. Additionally, she touches on the value of investment journaling for self-improvement and the significance of mentorship in navigating economic challenges.

Carl Kawaja, a portfolio manager at Capital Group, offers a deep dive into the rising trend of weight loss drugs like Ozempic and Wegovy. He discusses their revolutionary effects on appetite, consumer habits, and the food industry, including surprising impacts on cravings for unhealthy products. The podcast also touches on the healthcare implications, highlighting how these medications can reduce obesity-related diseases and even modify behaviors around alcohol and cigarettes. It's a fascinating exploration of innovation reshaping health and markets.