How AI Will Impact Your Investments w/ Vanguard's Joe Davis #1061

How to Money

iHeartPodcasts

Education, Investing, Business

4.6 • 3.2K Ratings

🗓️ 12 November 2025

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

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Summary

Everywhere you look, people are talking about AI. Some say it’s going to save the world; others think it might break it. But while the headlines focus on sci-fi futures and big-tech battles, we’re interested in something a little closer to home: what does all of this actually mean for us as everyday, DIY investors – today, and over the next decade? Fortunately, we don’t have to wing it. Vanguard’s global chief economist, Joseph Davis, has been studying the forces shaping our financial future – AI included. And in his new book, Coming Into View, he breaks down the megatrends that are poised to reshape the investing landscape. Today we discuss:

How Vanguard's mission focuses on aligning investor interests with their work
Predictions about lower future returns are based on economic fundamentals
AI's impact on productivity will extend beyond the tech sector
Cost management in investments is crucial for long-term success
Demographics alone do not determine economic growth outcomes
The importance of diversification in investment portfolios remains unchanged
Investors should stress-test their financial goals against potential market scenarios
And much more!

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Transcript

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0:00.0	This is an IHeart podcast.
0:04.1	Welcome to How to Money.
0:05.8	I'm Joel.
0:06.6	And today I'm talking about AI.
0:34.1	Some say it's going to save the world.
0:35.7	Others think it's going to break it.
0:37.4	But while the headlines focus on sci-fi futures and big tech battles, I'm interested in something a little closer to home. What does all of this actually mean for us as everyday DIY investors today and over the next decade? Fortunately, we don't have to just wing it. Vanguard's global chief economist Joseph Davis has been studying the forces shaping our financial future, AI included,
1:01.0	and his new book coming into view, he breaks down the megatrends that are poised to reshape the investing landscape.
1:07.5	So, Joe, I'm glad to have you.
1:08.5	Thank you so much for joining me today.
1:10.2	Thanks for having me. Okay, first question, what do you like to support, John? Mine is craft beer.
1:15.4	What's your thing? What's your jam? Anything to do with cooking. Okay. I've been married for a long time.
1:20.3	My wife and I were self-proclaimed foodies. I can't cook that well, but, uh, so, you know, ingredients, cookbooks, maybe a new piece of cooking
1:31.0	utensils. We love cooking. So it's what we do for date night going out Friday, food shopping,
1:37.8	and then, so anything food related. That's great. Okay. Well, and that's going to save you money,
1:42.0	too, right? Being able to cook fancy meals at home is much cheaper than getting a fancy meal out yeah well it's fun i you know i cut the vegetables
1:49.1	and she actually does all the hard work but uh it's just something we can do together that's
1:54.0	stress free i love it um it's nice that's great that's great okay can you give us maybe a peek inside
2:00.6	the world of vanguard and and maybe what it's like working as somebody who like read the book Trillions and I like the index obsessed with kind of the index fund, the advent of the index fund, John Bogle. Yeah. Tell me what is like working at Vanguard.
2:15.4	Well, I remember my first day. I've been here over 20 years.
2:19.5	It's a very collegial environment.
2:22.3	We take the mission seriously.
	...

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