Joe Davis, Vanguard - The Idea Multiplier…We Believe It’s One Of The First Leading Indicators Of Commercial Innovation | #202

The Meb Faber Show - Better Investing

The Idea Farm

Management, Investing, Business

4.8 • 978 Ratings

🗓️ 19 February 2020

⏱️ 84 minutes

🔗️ Recording | iTunes | RSS

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Summary

In episode 202, Meb talks with Vanguard’s global chief economist and the global head of Vanguard Investment Strategy Group, Joe Davis. Meb and Joe get into the broad framework of Vanguard’s research, and some depth on the thinking and process involved. They walk through some current thoughts on a few different asset classes and the Vanguard Capital Markets Model. The pair cover Vanguard’s most recent outlook, and their projections that offer an average return differential for non-US equities of roughly 3-4% vs. US equities. Stay tuned to the end of this great conversation as Joe discusses the concept of the “Idea multiplier,” a fresh way of thinking about the evolution of knowledge and innovation. All this and more in episode 202, including Joe’s most memorable investment. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to the Mebb Faver Show, where the focus is on helping you grow and preserve your wealth.
0:11.0	Join us as we discuss the craft of investing and
0:13.5	uncover new and profitable ideas all to help you grow wealthier and wiser.
0:17.2	Better investing starts here.
0:18.8	Met Faber is the co-founder and chief investment officer at Cambria Investment Management.
0:23.3	Did it industry regulations, he will not discuss any of Cambria's funds on this podcast.
0:27.2	All opinions expressed by podcast participants are solely their own opinions and do not reflect the opinion of
0:31.2	Cambria Investment Management or its affiliates.
0:33.4	For more information, visit cambria Investments.com.
0:36.4	Welcome, podcast listeners.
0:40.8	We have a monster show for you today. It's two hours long it might be our longest ever and I promise you it is well worth it our guest serves as the principal and global chief economist at none other than Vanguard. He is a prolific researcher investment
0:55.0	writer also head of the Vanguard Investment Strategy Group whose research team is
0:59.2	responsible for helping to oversee the firm's investment methodologies and
1:02.3	asset allocation strategies for both institutional and individual investors.
1:07.0	In addition, he's a member of the Senior Portfolio Management Team for Vanguard Fixed Income Group, which oversees more than $500 billion in assets under management.
1:16.0	In today's episode we get into the broad framework of Vanguard's research and some depth on the thinking and process involved.
1:22.0	We walk through some current thoughts on a few
1:24.5	different asset classes and their Vanguard capital markets model. We even covered Vanguard's most
1:30.1	recent 2020 outlook and their projections for global stocks, global
1:35.2	bonds, what looks good and what to avoid. Stay tuned to the end of this
1:39.8	conversation as we discuss the concept of the idea multiplier, a fresh way of thinking about the evolution of knowledge and innovation.
1:47.0	The research effort was an incredible undertaking and you don't want to miss their findings.
	...

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