Joe Davis, Vanguard – An Economist Crossing the T

We are excited to welcome Joe Davis for this episode, currently Vanguard's Global Chief Economist and Global Head of the Investment Strategy Group. Many of you likely know various iterations of the Vanguard story, but most of the professionals I know do not know how big a research team they have.  Joe has a big influence on the company because he is also chairs the firm's Strategic Asset Allocation Committee. Ok, that was exhausting listing all of his titles, he is a busy person. Before that, he was still busy; he earned his M.A. and Ph.D at Duke University and is a graduate of the Advanced Management Program at the Wharton School of U Penn. Joe is a frequent keynote speaker and currently serves on the editorial boards of the Journal of Portfolio Management and the Journal of Fixed Income.

In this episode, we are all over the place (which is normal), ranging from Vanguard's 50+ year history as a disruptor, to how many CFA charter holders are at Vanguard now (hint: a lot), their vast and under the radar research group, new CEO Salim Ramji, patents that Vanguard created in ETF space, the breakdown of active vs. passive funds in their lineup (which surprises many) and Joe's new book on AI. This was a great segue into the markets, with the impact of AI, Fed independence being potentially disrupted, a new multi-polar world, expected returns, potential market scenarios, and more.

Today's hosts are Steve Curley, CFA (Co-Managing Principal, 55 North Private Wealth) & co-host Chris Cannon, CFA (CIO/Principal, FirsTrust).

Please enjoy the episode. You can follow us on Twitter & LinkedIn or at investorsfirstpodcast.com