Vanguard’s Joseph Davis Discusses Investing Strategies Amid Economic Megatrends
In a deep dive into the future of investing, Joseph Davis, Vanguard’s global chief economist, outlines a challenging decade ahead shaped by significant megatrends in his new book, “Coming Into View: How AI and Other Megatrends Will Shape Your Investments.” Davis details how these trends—declining population growth, rising geopolitical tensions, and increasing national debt—will impact the financial strategies of investors and retirement savers.
Davis likens these megatrends to tectonic plates, suggesting they will collide instead of creating a balanced environment for investment growth. He emphasizes four major megatrends: the role of technology in enhancing productivity, government deficits and their implications for…
