In this episode, recorded on Wednesday, October 19th, G3 and Jordi Visser gather for another AJA, which stands for Ask Jordi Anything. In this format, G3 reads questions posed by our listeners on any topic they want, and Jordi responds.

Questions posed include topics ranging from AI, America’s national debt, Ozempic and the Risk/Grow Index. We also had a question from a college senior looking to Jordi for career advice.

Please check important disclosures at the end of the episode.

To ask a question, please find the link below and we’ll try to get it answered in a future edition.

Timestamps:

• How can AI enable smaller firms to compete with tech giants given AI’s resource demands such as compute power? [4:20]
• Which characteristics should investors prioritize to gauge growth potential of small-cap firms? [10:51]
• Should investors pivot more towards crypto, gold and other hard assets given the inability of the U.S. to reign in its debt? [14:53]
• How does Jordi reconcile his enthusiasm for the societal benefits of anti-obesity drugs with his general wariness of the pharmaceutical industry? [20:22]
• What is the Risk/Grow index and what significance does it have on Jordi’s work? [25:04]
• Should a college graduate who is aiming for a trading position prioritize a job with a US Desk over an Emerging Markets Desk? [29:19]

Resources:

• Ask Jordi Anything
• Jordi explains his Risk/Grow Index constituents [VIDEO]
• Adam Jonas on the convergence of the car and smartphone
• The Clash of Assets: Bitcoin vs. Gold (Video) from Real Vision

About: Consistent with its mission to invest in people, partnerships, and a purposeful future, Weiss Multi-Strategy Advisers launched a weekly podcast, In Search of Green Marbles, in November 2021. In each episode, Weiss leaders provide differentiated insights (i.e., green marbles) that aim to help institutional investors, financial advisors, and individuals identify actionable investment themes amidst the noise in today’s market environment. Primary topics of discussion include exponential innovation, the US-China relationship, longevity’s impact on financial markets, and the latest economic themes. Hosted by G3, featured guests include Weiss President and CIO Jordi Visser, Deputy CIO Mike Edwards, and Senior Vice President and Portfolio Manager Lundy Wright.

Please listen here and subscribe to In Search of Green Marbles wherever you get your podcasts.

Disclosures: This podcast and associated content (collectively, the “Post”) are provided to you by Weiss Multi-Strategy Advisers LLC (“Weiss”). The views expressed in the Post are for informational purposes only and are subject to change without notice. Information in this Post has been developed internally and is based on market conditions as of the date of the recording from sources believed to be reliable. Nothing in this Post should be construed as investment, legal, tax, or other advice and should not be viewed as a recommendation to purchase or sell...

On the podcast this week, G3 speaks with Mike Edwards about Kevin McCarthy’s ouster from the speakership – a first in America’s 246-year history.

Topics covered include how McCarthy’s removal could impact America’s fiscal uncertainties, the financial markets, aid to Ukraine, the Taiwan situation and the 2024 political climate.

Please check important disclosures at the end of the episode, because while the House may be out on recess, In Search of Green Marbles is most definitely in session.

Timestamps:

• What is Mike’s best guess as to how the next couple of weeks will unfold? [6:31]
• How might aid to Ukraine, Taiwan’s defense, and policies around China be affected by McCarthy’s ouster? [9:58]
• Why was the removal of McCarthy a ‘bad day’ for bipartisanship? [17:43]
• What are the political ramifications of the House’s chaos on the 2024 election cycle? [20:55]

Resources:

• Speaker Pro Tempore Patrick McHenry Slams Gavel After McCarthy's Historic Ouster
• Steve Scalise biography
• Jim Jordan biography
• George Carlin on politicians (warning: this video is for mature audiences only)

Disclosures: This podcast and associated content (collectively, the “Post”) are provided to you by Weiss Multi-Strategy Advisers LLC (“Weiss”). The views expressed in the Post are for informational purposes only and are subject to change without notice. Information in this Post has been developed internally and is based on market conditions as of the date of the recording from sources believed to be reliable. Nothing in this Post should be construed as investment, legal, tax, or other advice and should not be viewed as a recommendation to purchase or sell any security or adopt any investment strategy. Past performance is no guarantee of future results. You should consult your own advisers regarding business, legal, tax, or other matters concerning investments. Any health-related information shared on the podcast is not intended as medical advice or for use in self-diagnosis or treatment. Please consult a qualified healthcare professional before acting upon any health-related information on the podcast. Weiss has no control over information at any external site hyperlinked in this Post. Weiss makes no representation concerning and is not responsible for the quality, content, nature, or reliability of any hyperlinked site and has included hyperlinks only as a convenience. The inclusion of any external hyperlink does not imply any endorsement, investigation, verification, or ongoing monitoring by Weiss of any information in any hyperlinked site. In no event shall Weiss be responsible for your use of a hyperlinked site. This is not intended to be an offer or solicitation of any security. Please visit www.gweiss.com to review related disclosures and learn more about Weiss.

In this week’s In Search of Green Marbles episode, recorded on Wednesday, September 27th, G3 speaks with Weiss’s “bond guy,” Lundy Wright.

In the discussion, Lundy shares his thoughts on last week’s Fed meeting and how the bond market has responded since the meeting. Lundy also takes the opportunity to expound on the difference between inflation and high costs of certain items in our economy.

Last but not least, Lundy tells G3 about how he’s using AI in his workflow. You read that correctly: Lundy is using cutting-edge AI technology to enhance his processes.

Please check important disclosures at the end of the episode.

Timestamps:

• Why was Lundy surprised by the Fed’s decision to pause rate hikes? [1:50]
• Why does the Fed want to ‘normalize’ the yield curve and what is a bear steepening? [5:30]
• How is the "affordability crisis" impacting America's sense of economic well-being? [13:00]
• How is Lundy, Weiss’s “bond guy”, incorporating AI in his workflow? [18:50]

Resources:

• What is a bear steepener?
• How a mortgage lock-in impacts the entire housing market
• Why do affordable homes matter?

Disclosures: This podcast and associated content (collectively, the “Post”) are provided to you by Weiss Multi-Strategy Advisers LLC (“Weiss”). The views expressed in the Post are for informational purposes only and are subject to change without notice. Information in this Post has been developed internally and is based on market conditions as of the date of the recording from sources believed to be reliable. Nothing in this Post should be construed as investment, legal, tax, or other advice and should not be viewed as a recommendation to purchase or sell any security or adopt any investment strategy. Past performance is no guarantee of future results. You should consult your own advisers regarding business, legal, tax, or other matters concerning investments. Any health-related information shared on the podcast is not intended as medical advice or for use in self-diagnosis or treatment. Please consult a qualified healthcare professional before acting upon any health-related information on the podcast. Weiss has no control over information at any external site hyperlinked in this Post. Weiss makes no representation concerning and is not responsible for the quality, content, nature, or reliability of any hyperlinked site and has included hyperlinks only as a convenience. The inclusion of any external hyperlink does not imply any endorsement, investigation, verification, or ongoing monitoring by Weiss of any information in any hyperlinked site. In no event shall Weiss be responsible for your use of a hyperlinked site. This is not intended to be an offer or solicitation of any security. Please visit www.gweiss.com to review related disclosures and learn more about Weiss.

This week, G3 welcomes Jordi Visser, Mike Edwards and Lundy Wright to commemorate the 100th Episode of In Search of Green Marbles.

As we look towards the next 100 episodes, G3 asks each guest not for predictions, but to speak to the main questions they expect to encounter in the months and quarters to come.

We extend a hearty thank you to our listeners for all of the support they have shown to us. We also would like to thank George Weiss, Reem Abbassi and Weiss’s compliance department for helping to ensure that the show’s content always passes muster.

Please check important disclosures at the end of the episode.

Timestamps:

• Over the course of the next 100 weeks, what is the big picture AI-related question on Jordi's mind? [4:52]
• As it relates to China, what are the unresolved questions on Mike's mind [17:17]
• Has Jordi maintained his confidence in his crypto thesis? [27:52]
• What looming question is on Mike's mind as the U.S. election approaches? [32:44]
• When it comes to Treasuries, how is Lundy thinking about the supply/demand equation? [42:29]

Resources:

• Adapt or Die by Jordi Visser
• John Wooden’s legacy
• Ringing the bell: The significance of this Navy Seals tradition
• James Carville on the bond market

Disclosures: This podcast and associated content (collectively, the “Post”) are provided to you by Weiss Multi-Strategy Advisers LLC (“Weiss”). The views expressed in the Post are for informational purposes only and are subject to change without notice. Information in this Post has been developed internally and is based on market conditions as of the date of the recording from sources believed to be reliable. Nothing in this Post should be construed as investment, legal, tax, or other advice and should not be viewed as a recommendation to purchase or sell any security or adopt any investment strategy. Past performance is no guarantee of future results. You should consult your own advisers regarding business, legal, tax, or other matters concerning investments. Any health-related information shared on the podcast is not intended as medical advice or for use in self-diagnosis or treatment. Please consult a qualified healthcare professional before acting upon any health-related information on the podcast. Weiss has no control over information at any external site hyperlinked in this Post. Weiss makes no representation concerning and is not responsible for the quality, content, nature, or reliability of any hyperlinked site and has included hyperlinks only as a convenience. The inclusion of any external hyperlink does not imply any endorsement, investigation, verification, or ongoing monitoring by Weiss of any information in any hyperlinked site. In no event shall Weiss be responsible for your use of a hyperlinked site. This is not intended to be an offer or solicitation of any security. Please visit www.gweiss.com to review related disclosures and learn more about Weiss.

In this episode of Green Marbles, recorded on September 14th, Jordi and G3 discuss the explosive category of drugs that were first put on the market to address diabetes, but are now also being used for weight loss. The most notable of these drugs is Ozempic. They proceed to talk about this drug and others from a longevity, economic and market perspective.

Please check important disclosures at the end of the episode and take special note that this podcast is for informational purposes only.

Timestamps:

• What inspired Jordi to approach G3 about doing an episode on weight loss drugs? [1:37]
• When did the Ozempic frenzy begin? [6:47]
• How does Jordi connect longevity, Ozempic and AI? [9:05]
• What are some potential near-term economic and market impacts of Ozempic? [17:30]
• Does Jordi believe that the Federal Reserve is taking into account how health care innovation is impacting our economy? [23:40]

Resources:

• The economic value of targeting aging
• AI and the COVID-19 Vaccine: Moderna’s Dave Johnson
• Google DeepMind’s AlphaFold
• Novo Nordisk dethrones LVMH as Europe’s most valuable company
• Lilly's Phase 2 retatrutide results published in The New England Journal of Medicine

Disclosures: This podcast and associated content (collectively, the “Post”) are provided to you by Weiss Multi-Strategy Advisers LLC (“Weiss”). The views expressed in the Post are for informational purposes only and are subject to change without notice. Information in this Post has been developed internally and is based on market conditions as of the date of the recording from sources believed to be reliable. Nothing in this Post should be construed as investment, legal, tax, or other advice and should not be viewed as a recommendation to purchase or sell any security or adopt any investment strategy. Past performance is no guarantee of future results. You should consult your own advisers regarding business, legal, tax, or other matters concerning investments. Any health-related information shared on the podcast is not intended as medical advice or for use in self-diagnosis or treatment. Please consult a qualified healthcare professional before acting upon any health-related information on the podcast. Weiss has no control over information at any external site hyperlinked in this Post. Weiss makes no representation concerning and is not responsible for the quality, content, nature, or reliability of any hyperlinked site and has included hyperlinks only as a convenience. The inclusion of any external hyperlink does not imply any endorsement, investigation, verification, or ongoing monitoring by Weiss of any information in any hyperlinked site. In no event shall Weiss be responsible for your use of a hyperlinked site. This is not intended to be an offer or solicitation of any security. Please visit www.gweiss.com to review related disclosures and learn more about Weiss.

This week, G3 welcomes Jordi Visser on the podcast to get his latest thinking on recession hand-wringing that just won't go away, whether China can get out of its doldrums and the impact of healthcare on the U.S. economy. Last but not least, Jordi and G3 discuss Bruce Springsteen and the role his music has played for both of them.

Please check important disclosures at the end of the podcast.

Timestamps:

• Does Jordi’s latest webinar indicate he is getting more bullish? [4:40]
• What do the ISM trends indicate about the likelihood of a recession? [8:06]
• What indicators in the Chinese market should market participants be watching? [10:24]
• What are the impacts of AI, interest rates and bankruptcy on business formation? [12:40]
• What negative surprises does Jordi think could impact his no recession theory? [19:39]

Resources:

• September Insights: Jordi’s Market Forecast [VIDEO]
• US healthcare’s role in the broader economy (McKinsey & Co.)
• “Thunder Road,” Live at the Hammersmith Odeon (1975)

Disclosures: This podcast and associated content (collectively, the “Post”) are provided to you by Weiss Multi-Strategy Advisers LLC (“Weiss”). The views expressed in the Post are for informational purposes only and are subject to change without notice. Information in this Post has been developed internally and is based on market conditions as of the date of the recording from sources believed to be reliable. Nothing in this Post should be construed as investment, legal, tax, or other advice and should not be viewed as a recommendation to purchase or sell any security or adopt any investment strategy. Past performance is no guarantee of future results. You should consult your own advisers regarding business, legal, tax, or other matters concerning investments. Any health-related information shared on the podcast is not intended as medical advice or for use in self-diagnosis or treatment. Please consult a qualified healthcare professional before acting upon any health-related information on the podcast. Weiss has no control over information at any external site hyperlinked in this Post. Weiss makes no representation concerning and is not responsible for the quality, content, nature, or reliability of any hyperlinked site and has included hyperlinks only as a convenience. The inclusion of any external hyperlink does not imply any endorsement, investigation, verification, or ongoing monitoring by Weiss of any information in any hyperlinked site. In no event shall Weiss be responsible for your use of a hyperlinked site. This is not intended to be an offer or solicitation of any security. Please visit www.gweiss.com to review related disclosures and learn more about Weiss.

Hi, it’s G3 and we are dropping a fresh episode of In Search of Green Marbles on Friday, September 1st, which of course is the Friday before Labor Day. We are doing this in anticipation of a busy Fall for the markets and there is no shortage of topics that we will want to cover – so we’re getting a head start.

One of the key topics in our purview is whether or not there will be a big infusion of stimulus coming from China that will summon forth animal spirits domestically and support global markets. Is this a realistic expectation or are we all just waiting for Gadot? That’s the question we’ll be covering this week with Weiss China expert, Mike Edwards.

Please check important disclosures at the episode.

Timestamps:

• Why does Mike frame the discussions about China's attempts to boost economic growth as an "is" vs. "ought" debate? {2:03]
• How is 'stimulus' influencing the sentiment amongst Chinese consumers and market participants? [9:53]
• Why does Mike expect China will not deploy major measures to surpass a 5% growth rate? [12:34]
• Are market participants rooting for the arrival of a stimulus "bazooka" influencing the outcome of economic decisions in China? [21:10]
• Many Chinese banks are trading dramatically below book value. Does this indicate a broken financial system? [27:21]

Resources:

• Zhongrong Trust's missed payments trigger fears among Chinese investors
• China suspends report on youth unemployment
• What is the NDRC?
• China's Xi calls for patience as Communist Party tries to reverse economic slump

Disclosures: This podcast and associated content (collectively, the “Post”) are provided to you by Weiss Multi-Strategy Advisers LLC (“Weiss”). The views expressed in the Post are for informational purposes only and are subject to change without notice. Information in this Post has been developed internally and is based on market conditions as of the date of the recording from sources believed to be reliable. Nothing in this Post should be construed as investment, legal, tax, or other advice and should not be viewed as a recommendation to purchase or sell any security or adopt any investment strategy. Past performance is no guarantee of future results. You should consult your own advisers regarding business, legal, tax, or other matters concerning investments. Any health-related information shared on the podcast is not intended as medical advice or for use in self-diagnosis or treatment. Please consult a qualified healthcare professional before acting upon any health-related information on the podcast. Weiss has no control over information at any external site hyperlinked in this Post. Weiss makes no representation concerning and is not responsible for the quality, content, nature, or reliability of any hyperlinked site and has included hyperlinks only as a convenience. The inclusion of any external hyperlink does not imply any endorsement, investigation, verification, or ongoing monitoring by Weiss of any information in any hyperlinked site. In no event shall Weiss be responsible for your use of a hyperlinked site. This is not intended to be an offer or solicitation of any security. Please visit www.gweiss.com to review...

This week, we are delighted to present a previous episode of In Search of Green Marbles that featured Jena Roche, Weiss’s Director of Investor Relations and Marketing. But the timing is not coincidental, as tomorrow, August 26th, is Women’s Equality Day.

Thanks to a 1973 Joint Resolution of Congress, Women’s Equality Day was established to commemorate August 26th,1920, which marked the day in which Secretary of State Bainbridge Colby quietly signed the recently ratified 19th Amendment in his home – without any fanfare – that gave American women the right to vote. In doing so, a movement that started over a century earlier could finally declare victory.

The journey towards equality beyond suffrage has made many strides since that day 103 years ago, but it’s been a struggle. For example, it took all the way to 1974 and the enactment of the The Equal Credit Opportunity Act, before women were able to apply for credit cards and other loans in their own name, regardless of their marital status. And believe it or not, it took all the way until May 12th, 1987, before the first coeducation class graduated from Columbia College.

So, while women have made great strides, Weiss believes that it’s important to remember that the achievements made by women have been hard fought and have taken way more time than they should have. And the fight for progress continues, which is why we wanted to take this week to recognize one of our formidable women warriors.

Please check important disclosures at the end of the episode.

Time Stamps:

• Why is Jena enamored with manatees? [8:08]
• Why did Jena choose to attend Wellesley College despite the tuition cost? [10:31]
• How did Jena get to Wall Street after majoring in Biochemistry? [18:50]
• How does Jena apply the Ideal Gas Law formula, PV=nRT, in her daily life? [21:00]
• How did Jena transition from banking into her role in Marketing & IR at Weiss? [22:14]
• What advice does Jena have for aspiring women who are starting their careers on Wall Street? [32:15]
• How did George Weiss, Jordi Visser, and other finance professionals at Weiss help Jena think about her own investment decisions? [36:19]

Resources:

• Women’s Equality Day Overview
• The Equal Credit Opportunity Act
• Class of 1987 Heralds New Era at Columbia

Disclosures: This podcast and associated content (collectively, the “Post”) are provided to you by Weiss Multi-Strategy Advisers LLC (“Weiss”). The views expressed in the Post are for informational purposes only and are subject to change without notice. Information in this Post has been developed internally and is based on market conditions as of the date of the recording from sources believed to be reliable. Nothing in this Post should be construed as investment, legal, tax, or other advice and should not be viewed as a recommendation to purchase or sell any security or adopt any investment strategy. Past performance is no guarantee of future results. You should consult your own advisers regarding business, legal, tax, or other matters concerning investments. Any health-related information shared on the podcast is not intended as medical advice or for use in self-diagnosis or treatment. Please consult a qualified healthcare professional before acting upon any health-related information on the podcast. Weiss has no control over information at any...

This part of the Summer used to be a slow period for news and events. But that’s certainly not the reality this year when it comes to economics, markets, foreign affairs, and politics.

A case point is the looming prospect of a U.S. government shutdown this Fall that is already increasing the tension in the air around the beltway. Weiss’s Mike Edwards joins G3 to provide his political assessment on whether or not a shutdown is likely to occur. He also weighs in on the potential economic consequences of a shutdown and addresses G3”s questions regarding ongoing congressional support for Ukraine and how China may be viewing the latest chapter of Washington’s game of fiscal chicken.

Please check important disclosures at the end of this episode.

Timestamps:

• Why is Mike convinced that a U.S. Government shutdown is likely going to happen, and what factors could delay it until December? [1:30]
• Why might members of the Freedom Caucus opt to vote against the budget bill, even if it includes some meaningful cuts? [9:53]
• Is Mike worried that the U.S. government is poised for a so-called "Minsky Moment"? [14:23]
• How could a government shutdown impact the markets and our economic growth? [20:00]
• How might China’s leadership perceive America's annual game of fiscal chicken? [29:40]

Resources:

• Hastert Rule
• Let’s Hope Churchill Was Wrong
• Minsky Moment

Disclosures: This podcast and associated content (collectively, the “Post”) are provided to you by Weiss Multi-Strategy Advisers LLC (“Weiss”). The views expressed in the Post are for informational purposes only and are subject to change without notice. Information in this Post has been developed internally and is based on market conditions as of the date of the recording from sources believed to be reliable. Nothing in this Post should be construed as investment, legal, tax, or other advice and should not be viewed as a recommendation to purchase or sell any security or adopt any investment strategy. Past performance is no guarantee of future results. You should consult your own advisers regarding business, legal, tax, or other matters concerning investments. Any health-related information shared on the podcast is not intended as medical advice or for use in self-diagnosis or treatment. Please consult a qualified healthcare professional before acting upon any health-related information on the podcast. Weiss has no control over information at any external site hyperlinked in this Post. Weiss makes no representation concerning and is not responsible for the quality, content, nature, or reliability of any hyperlinked site and has included hyperlinks only as a convenience. The inclusion of any external hyperlink does not imply any endorsement, investigation, verification, or ongoing monitoring by Weiss of any information in any hyperlinked site. In no event shall Weiss be responsible for your use of a hyperlinked site. This is not intended to be an offer or solicitation of any security. Please visit www.gweiss.com to review related disclosures and learn more about Weiss.

On this episode of In Search of Green Marbles, recorded on Wednesday, August 9th, Jordi Visser updates G3 on his latest experiments with AI and on his ongoing efforts to use AI to transform the way Weiss is run. Jordi proceeds to discuss how IQ will be transformed in the age of AI.

Please check important disclosures at the end of the podcast and enjoy this wide-ranging discussion on how AI is changing our world in real time.

Timestamps:

• How is Weiss encouraging employee experimentation with AI and what is a sandbox environment? [5:20]
• How would Jordi describe ChatGPT, AutoGPT and the Code Interpreter to a kid? [8:34]
• How has AI reshaped Jordi’s assessment of prospective employees and why does he believe that ‘CQ is the new IQ’? [12:38]
• What role does curiosity play in achieving success with modern AI tools? [19:51]

Resources:

• Ask Jordi Anything
• Navigating the World of Coding with the Precision of Waze (LinkedIn Post)
• I was there when AI helped to create a vaccine
• What is Auto-GPT and why does it matter?
• Code Interpreter For Learning (video)

Disclosures: This podcast and associated content (collectively, the “Post”) are provided to you by Weiss Multi-Strategy Advisers LLC (“Weiss”). The views expressed in the Post are for informational purposes only and are subject to change without notice. Information in this Post has been developed internally and is based on market conditions as of the date of the recording from sources believed to be reliable. Nothing in this Post should be construed as investment, legal, tax, or other advice and should not be viewed as a recommendation to purchase or sell any security or adopt any investment strategy. Past performance is no guarantee of future results. You should consult your own advisers regarding business, legal, tax, or other matters concerning investments. Any health-related information shared on the podcast is not intended as medical advice or for use in self-diagnosis or treatment. Please consult a qualified healthcare professional before acting upon any health-related information on the podcast. Weiss has no control over information at any external site hyperlinked in this Post. Weiss makes no representation concerning and is not responsible for the quality, content, nature, or reliability of any hyperlinked site and has included hyperlinks only as a convenience. The inclusion of any external hyperlink does not imply any endorsement, investigation, verification, or ongoing monitoring by Weiss of any information in any hyperlinked site. In no event shall Weiss be responsible for your use of a hyperlinked site. This is not intended to be an offer or solicitation of any security. Please visit www.gweiss.com to review related disclosures and learn more about Weiss.