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Tag: artificial intelligence

Inflation Will Persist Above the Fed’s Comfort Level (Szn 5, Episode 15)

Published June 7, 2023

With Naomi Fink, Europacifica Consulting

Naomi Fink, founder and CEO at Europacifica Consulting in Los Angeles, joins the podcast to discuss her view that inflation will prove more elevated and persistent than market participants are anticipating — and how and where this impact will be felt.

Content Highlights

  • Inflation caught investors by surprise and investors could be forgiven for thinking inflation will drop again. But inflation will more likely normalize around a higher rate (3:15);
  • There are multiple reasons for this: reversal of globalization, limits to technological advancements, supply shocks, geopolitical unrest, and labor supply shortages, to name a few (4:09);
  • Where does this leave Fed policy? (6:03);
  • Retailers have been reporting a consumer pullback on big ticket purchases: business cycle or inflation? (13:52);
  • Companies will need to innovate to deal with more persistent inflation and a skills shortage. Those that don’t will be left behind (16:34);
  • AI is not a cure-all and may in fact be mostly hype (18:23);
  • Background on the guest (24:53);
  • Japan and Japan stocks (28:36);
  • Social security cost of living adjustments are not keeping up with inflation. The impact (33:59);
  • What options do retirees have to maintain their purchasing power on fixed income? (38:17);
  • Financial literacy is vital but may be a double-edged sword… (46:28).

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AI is Overhyped as an Investment, Will Only Worsen Inequality (Season 5, Episode 14)Coverart, Season 5, Episode 14 feat Simon Johnson

AI is Overhyped as an Investment, Will Only Worsen Inequality (Season 5, Episode 14)

Published May 31, 2023

Feat Simon Johnson, co-author, ‘Power and Progress, Our Thousand-Year Struggle Over Technology and Prosperity’

MIT Economist Simon Johnson joins the podcast to discuss his book, ‘Power and Progress, Our Thousand-Year Struggle Over Technology and Prosperity’ and specifically why artificial intelligence is likely overhyped, and that not just from an investment perspective.

Content Highlights

  • Artificial intelligence’s default trajectory is about machine intelligence, code for replacing people with machines. Historically, this has not brought great things (1:21);
  • Indeed technological progress has not always benefited everybody, but just a small group at the top. Today’s advancements are no different (5:11);
  • Don’t expect a boost to business either. Productivity gains should be limited (9:17);
  • Some of the dangers of Chat GPT and Google’s Bard that is driving most business development around AI (20:12);
  • Background on the guest (24:26);
  • Thoughts on the current market environment and its potential to spill over into crisis (27:43).

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Value Stock Geek on Google, Meta, Taiwan Semiconductor (Season 5, Episode 13)

Published May 18, 2023

This episode was recorded on Tuesday, May 16 and made available to premium subscribers that same day. To become a premium subscriber sign up on Supercast or Substack.

Value Stock Geek rejoins the podcast to discuss recent portfolio acquisitions Google (GOOG), Meta (META), and Taiwan Semiconductor (TSM), what’s on his watch list, and where and when he could be looking to buy.

Content Highlights

  • The case for Google stock (1:54);
  • Artificial intelligence and how that is impacting Google’s business (6:40);
  • Meta and the Metaverse: investing in the legacy business plus Instagram (7:38);
  • Taiwan Semiconductor: cyclical, yes, but a good bet for the long term (12:39);
  • ‘The Weird Portfolio’ and how that works (16:07);
  • The watchlist and two notable stocks worth watching right now: NVR (NVR) and Deere (DE) (20:39).
  • Home Depot (HD), another watchlist stock, just reported earnings and lowered guidance due in part to consumers pulling back on big-ticket purchases (29:00).

More Information on the Guest

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