Daniel Rasmussen, founder of Verdad Advisers and author of The Humble Investor: How to Find a Winning Edge in a Surprising World, joins Merryn. 

They discuss his book, why all forecasts are wrong (and why we need them anyway), the case for selling US tech and buying small caps, whether we’re in an artificial intelligence bubble, and Japanese equities.

This is a replay of a conversation taped in January this year. 

Daniel Rasmussen, founder of Verdad Advisers and author of&nbsp;The Humble Investor: How to Find a Winning Edge in a Surprising World, joins Merryn.&nbsp;
They discuss his book, why all forecasts are wrong (and why we need them anyway), the case for selling US tech and buying small caps, whether we&rsquo;re in an artificial intelligence bubble, and Japanese equities. This is a replay of a conversation taped in January this year.&nbsp;

Merryn Talks Money with Bloomberg senior columnist Merryn Somerset Webb is your key to understanding how markets work – and how you can make them work for you. Every episode features a relaxed but in-depth conversation with a fund manager, a strategist, a Bloomberg expert or just someone Merryn finds particularly interesting in any given week. Listen in for the kind of insights and explanations everyone can use to help them make better saving and investing choices.

Merryn Talks Money with Bloomberg senior columnist Merryn Somerset Webb is your key to understanding how markets work – and how you can make them work for you. Every episode features a relaxed but in-depth conversation with a fund manager, a strategist, a Bloomberg expert or just someone Merryn finds particularly interesting in any given week. Listen in for the kind of insights and explanations everyone can use to help them make better saving and investing choices.

Merryn Talks Money

Best of: The 'Humble' Investor Says Sell Private Equity, Sell US Tech, Buy Polish Small Caps

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/4b4a6ba4-5c4d-4a49-bbc6-b339015a1618/transcript

Why Britain Needs A Crisis To Turn The Country Around

Britain has once again been plunged into political turmoil. Despite rebellion in the ranks, Prime Minister Keir Starmer refuses to go, and it's not yet clear which - if any - of his potential challengers will lay down the gauntlet to try to take the leadership from him. And nor is it clear, given the divided nature of the Labour party, that any new Prime Minister could hold down the job until the next general election. Merryn Somerset Webb and John Stepek discuss why Britain may need a 1976-style crisis to persuade our politicians to finally get a grip. 

Why Britain Needs A Crisis To Turn The Country Around Britain has once again been plunged into political turmoil. Despite rebellion in the ranks, Prime Minister&nbsp;Keir Starmer refuses to go, and it's not yet clear which - if any - of his potential challengers will lay down the gauntlet to try to take the leadership from him. And nor is it clear, given the divided nature of the Labour party, that any new Prime Minister could hold down the job until the next general election. Merryn Somerset Webb and John Stepek discuss why Britain may need a 1976-style crisis to persuade our&nbsp;politicians to finally get a grip.&nbsp;

Emergency Podcast: Why Britain's Political Turmoil Will End In Crisis

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/de8649dd-14a3-477a-a12c-b4490109dbe6/transcript

Mortgage rates have jumped sharply—and fast—leaving buyers and homeowners scrambling to decide what to do next. Merryn Somerset Webb and John Stepek sit down with mortgage expert Anthony Emmerson, director at Trinity Financial, to unpack what’s really driving the market, whether now is still a good time to buy, and the surprisingly simple strategy that could save you thousands when remortgaging.

Mortgage rates have jumped sharply&mdash;and fast&mdash;leaving buyers and homeowners scrambling to decide what to do next. Merryn Somerset Webb and John Stepek sit down with mortgage expert Anthony Emmerson, director at Trinity Financial, to unpack what&rsquo;s really driving the market, whether now is still a good time to buy, and the surprisingly simple strategy that could save you thousands when remortgaging.

The Smartest Move You’re Not Making on Your Mortgage

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/f29b1658-fe27-4b1b-8211-b44900a74da8/transcript

What if AI isn’t coming for your job — but for your mind? In this episode of Merryn Talks Money, Merryn Somerset Webb speaks to Tom Slater, manager of Scottish Mortgage Investment Trust and partner at Baillie Gifford  about his provocative paper, “AI Isn’t Coming for Your Job. It’s Coming for Your Mind,” and why the real risk may be a world that looks more productive while quietly losing the judgement, learning and expertise that make progress possible. They also discuss what that means for the future workforce and smart investing.



Check out Tom Slater’s paper here: 
https://www.bailliegifford.com/en/global/all-users/insights/ic-article/2026-q1-ai-isn-t-coming-for-your-job-it-s-coming-for-your-mind-10061431/

Sign up for the Merryn Talks Money newsletter: 
https://www.bloomberg.com/account/newsletters/merryn-talks-money

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https://www.bloomberg.com/account/newsletters/money-distilled

What if AI isn&rsquo;t coming for your job &mdash; but for your mind? In this episode of Merryn Talks Money, Merryn Somerset Webb speaks to Tom Slater, manager of Scottish Mortgage Investment Trust and partner at Baillie Gifford&nbsp; about his provocative paper, &ldquo;AI Isn&rsquo;t Coming for Your Job. It&rsquo;s Coming for Your Mind,&rdquo; and why the real risk may be a world that looks more productive while quietly losing the judgement, learning and expertise that make progress possible. They also discuss what that means for the future workforce and smart investing. 
Check out Tom Slater&rsquo;s paper here: <a href="https://www.bailliegifford.com/en/global/all-users/insights/ic-article/2026-q1-ai-isn-t-coming-for-your-job-it-s-coming-for-your-mind-10061431/">https://www.bailliegifford.com/en/global/all-users/insights/ic-article/2026-q1-ai-isn-t-coming-for-your-job-it-s-coming-for-your-mind-10061431/</a> Sign up for the Merryn Talks Money newsletter: <a href="https://www.bloomberg.com/account/newsletters/merryn-talks-money">https://www.bloomberg.com/account/newsletters/merryn-talks-money </a>Sign up for the Money Distilled newsletter <a href="https://www.bloomberg.com/account/newsletters/money-distilled">https://www.bloomberg.com/account/newsletters/money-distilled</a>

What If AI’s Biggest Impact Isn’t Jobs, But Minds? 

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/4aeb8511-4d11-4fb8-b6fe-b44600da58b6/transcript

Best of: The 'Humble' Investor Says Sell Private Equity, Sell US Tech, Buy Polish Small Caps

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