Capital Ideas Podcast
Capital Group
Want to learn how professional investors do it? The Capital Ideas podcast brings you the latest investment thinking from Capital Group, one of the world's largest investment management organizations. Each week we'll get inside the minds of portfolio managers, analysts and economists to break down market trends, macroeconomic forces, investing approaches and lessons learned from personal experience. Take 30 minutes and tap into the intellectual capital of Capital Group.
Capital Client Group, Inc.
All Capital Group trademarks mentioned are owned by The Capital Group Companies, Inc., an affiliated company or fund. All other company and product names mentioned are the property of their respective companies.
For full disclosures go to capitalgroup.com/global-disclosures.
Capital Client Group, Inc.
All Capital Group trademarks mentioned are owned by The Capital Group Companies, Inc., an affiliated company or fund. All other company and product names mentioned are the property of their respective companies.
For full disclosures go to capitalgroup.com/global-disclosures.
Episodes
Mentioned books
9 snips
Mar 26, 2026 • 22min
All that glitters: What's driving up gold prices?
Rob Lovelace, a metals-focused equity manager skeptical of gold as a long-term hold. Lisa Thompson, a 30-year portfolio manager who highlights central bank buying and reserve diversification. Paul Benjamin, a balanced fund manager who uses gold as a diversifier and favors royalty/streaming companies. They discuss real rates, central bank purchases, reserve diversification in emerging markets, and royalty/streamer exposure versus physical metal.
9 snips
Mar 24, 2026 • 25min
Inside the AI supply chain
Timur Sugito, an equity analyst focused on Asian semiconductors and media with ~18 years in investment research, unpacks semiconductor drivers behind the AI surge. He highlights why semis boomed in 2025. He maps key bottlenecks like compute, memory and advanced packaging. He stresses the need for far more power-efficient compute and Asia’s pivotal role in the AI supply chain.
16 snips
Mar 19, 2026 • 27min
You can't model human behavior
Cyana Chilton, an equity analyst at Capital Group in New York, brings financials expertise and crisis-tested perspective. She talks about training nonfinance recruits, building credibility with bank management, lessons from the 2023 bank runs, spotting idiosyncratic opportunities like Berkshire, industry consolidation, and why skepticism and discipline beat short-term modeling of human behavior.
16 snips
Mar 12, 2026 • 27min
Adventures in emerging markets investing
Lisa Thompson, a portfolio manager with decades covering emerging markets, shares how global travel and on-the-ground research shaped her investing approach. She discusses China’s long transformation, surprising opportunities from company visits, governance shifts in Europe and Japan, contrarian plays in banks and cyclicals, and why macro and political cycles now matter everywhere.
20 snips
Mar 5, 2026 • 22min
The psychology of building portfolios to withstand any cycle
Shannon Ward, a high-yield fixed income portfolio manager with a background in psychology, explains how behavioral insights shape resilient portfolios. She discusses diversification and strict position limits. She talks about relying on analysts, avoiding what you do not understand, and lessons from three decades of market cycles.
11 snips
Mar 4, 2026 • 26min
How to find generational AI businesses – the 'move 37' moment
Drew Macklis, an equity analyst focused on AI, semiconductors and autos, shares how he hunts for generational AI businesses. He talks about building full-stack research across AI value chains. He describes using CTO summits and buyer signals to track enterprise adoption. He outlines themes to watch, including capability gains and potential breakthrough moments.
9 snips
Feb 26, 2026 • 23min
Black gold: The outlook for oil prices
Darren Peers, a Capital Group equity analyst with ~30 years covering energy, breaks down the outlook for oil prices. He discusses why current WTI levels may be unsustainably low and how supply economics and project timing drive future rises. He contrasts WTI and Brent, explains why geopolitical shocks often fade, and why the U.S. remains the top oil producer amid changing capital dynamics.
Feb 24, 2026 • 21min
Regulation dictates opportunity in US utilities
Julian James, an investment grade utilities analyst specializing in regulation, finance and risk, walks through how regulatory frameworks shape utility credit quality. He covers assessing state regulators, AI/data center-driven demand and transmission needs. Topics also include financing the capex wave, wildfire risk and where investors can find value in utilities.
10 snips
Feb 19, 2026 • 31min
Amazon CEO on leadership, innovation and customer obsession
Andy Jassy, CEO of Amazon and founder of AWS, who built cloud services and scaled customer-obsessed innovation. He discusses how Amazon keeps speed and customer focus, the 'working backwards' press-release approach, why AI is so transformative now, agentic AI and automating developer work, drone delivery scale, and practical advice for new graduates.
24 snips
Feb 12, 2026 • 41min
Rob Lovelace on the year ahead (2026 edition)
Rob Lovelace, a long-tenured global equities portfolio manager, and David Polak, an investment director focused on multinationals and financials, discuss the 2026 outlook. They cover shifting global trade patterns, why non-U.S. markets led in 2025, the tech stack and AI in biotech, rising bank margins in Europe, and the New Geography of Investing.
