Hi everybody, tune in to this short version of the podcast, which we do every Friday for the long version.

Tune in on Wednesdays.

Hi everybody and welcome to In Good Company and today I'm here with Greg Jensen, who is the co-CIO of Bridgewater.

Now, Bridgewater is just an incredible hedge fund, the world largest and best, I think we can say. And it's an

honor to have you here, Greg. Thanks for having me. What are the most important things you are

spending time on just now? What are you looking at? Yeah, if I said sort of at the biggest level, the

three big themes that I'm concerned about or focused on are, A, the change in how the global and U.S. economy is being managed.

Essentially, what we call a shift to modern mercantilism. That's been a reaction to China's rise. It's created political changes across the West,

probably most clearly in the U.S., leading to a whole different philosophy on how to run the economy.

So that's one big theme, modern mercantilism, the way the U.S. is operating both with the respect to

economics, but also with respect to geopolitical

conditions. Huge change, really important to understand. The second is the technological change

that we're in the midst of. I've been, as I'm sure we'll get into, think about and working with

AI for a very long time. Now now machine learning for 15 years and more generally

my whole career. And I remember people used to say, Greg, why are you talking about AI all the

time? Nobody says that anymore. And that's nice to be right at the end, isn't it? Well,

there's a lot of being wrong along the way,enty to be wrong about. But that, it's so

important, right? It's a third to half of everything, geopolitics, markets, everything. You have to

understand it to understand the macro world. And third, that all is happening in a world where

capital is more concentrated in the U.S.

than ever, more concentrated in equity and illiquid assets.

So a kind of risky setup.

...