An expertly crafted evaluation of forces shaping the economy
over the coming decade and portfolio management strategies designed to harness
them
In Coming Into View: How AI and Other Megatrends Will Shape Your Investments,
Vanguard's Global Chief Economist and head of its Investment Strategy Group,
Joe Davis, makes a simple and profound argument: that the "status
quo" view of the United States economy - one of predictable and relatively
constant measures of growth, inflation, and financial returns - is actually
deeply unlikely to hold true in the future. The book demonstrates how the
promise of artificial intelligence and technological advancement may push
against the daunting headwinds of slowing population growth, rising
geopolitical tensions and growing national debt, to reshape the economy in ways
that conventional thinking overlooks. Davis presents an innovative and
original, data-driven framework to consider the probabilities of the coming
tug-of-war between AI-fueled growth and inflationary structural fiscal
deficits, that can help guide investors as they build investment portfolios to
weather uncertain years ahead.
Inside the book:
Effective strategies for investors attempting to prepare for different economic
possibilities and scenarios in the world.
New data and models to better quantify the impact of economic forces and
uncover the risks of relying on consensus assumptions.
Techniques to avoid common investment mistakes in times of economic change,
such as doubling down on technology stocks, or avoiding certain types of
investments.
Guiding investing principles to help achieve greater financial returns, on a
risk-adjusted basis.
A must-read resource for professional and retail investors, Coming Into View is
a startlingly insightful and practical guide for anyone seeking to engage with
the financial markets as an informed and confident investor.
