The WellSaid Podcast

Hosted by Wellington Management

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May 2026

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About the show

WellSaid is produced by Wellington Management. Hosted by Geopolitical Strategist Thomas Mucha and featuring our global team of investment professionals, the series aims to draw connections between our investment research and real-world themes and trends. You can listen to this podcast and explore extensive research insights at Wellington.com

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60 recent

May 19, 202631 min

Conflict reprices commodities and global risk

Our experts discuss how the Iran conflict and AI-driven demand affect the outlook for oil, commodities, inflation, and energy security. 2:10 – Pre-war oil outlook 3:35 – Revised outlook for oil 7:00 – AI and an oil supercycle 9:50 – Critical importance of the Strait of Hormuz 11:30 – Downstream effects across supply chains 14:50 – Oil and energy market volatility 16:45 – Geopolitical implications 21:00 – Fertilizers, metals, and LNG 25:30 – Effects on the energy transition 28:10 – What to watch Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

April 28, 202636 min

What shifts in US exceptionalism mean for asset allocation

Host Thomas Mucha and guests Nanette Abuhoff Jacobson and Andy Heiskell unpack what today’s geopolitics, valuations, and concentration mean for strategic allocation — and why diversification may matter more again. 2:45 – What are the two truths of US exceptionalism? 5:45 – Valuations: Advantage or risk? 9:55 – Fiscal and debt dynamics 14:45 – The USD 15:45 – Policy-driven investment themes 18:40 – Changing correlations 24:35 – The strategic role of gold and commodities 30:45 – The return of diversification Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

April 9, 202629 min

Latin America: A dynamic partner poised for growth?

Our experts on Latin America discuss geopolitical shifts, economic resilience, and the region's strategic importance in global markets. 2:45 – US engagement in Latin America 4:30 – The Trump administration’s approach 7:45 – LatAm in the context of great-power competition 12:05 – Macro fundamentals and investment implications 20:30 – Venezuela and global energy 25:30 – Key takeaways on Latin America Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

March 24, 202626 min

Geopolitics, The New Risk Factor

Thomas Mucha discusses the importance of looking at the investment landscape through a geopolitical lens on the IMAP Independent Thought podcast. 2:45 – Geopolitics as fundamental to an investment perspective 9:40 – US versus them 15:25 – The role of the Western hemisphere in US strategy 18:25 – Climate risk in a geopolitical context 20:35 – Geopolitics, dispersion, and active management Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

February 3, 202627 min

Power and resilience: The investment opportunity

Host Thomas Mucha and Global Industry Analyst Saul Rubin unpack the relationship between geopolitics and energy and industrial infrastructure investment.3:05 – Adopting a geopolitical perspective5:50 – China, the “greatest disrupter to the legacy world order”11:15 – Strategic sectors and industries15:25 – Investing in the energy transition20:10 – Electrification of transportation Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

December 18, 202528 min

Gold, AI, and the next commodities super cycle

Commodities are shaping up to be a critical asset class for investors to consider in 2026. Veteran commodities portfolio manager David Chang joins host Thomas Mucha for a wide-ranging discussion on gold's ongoing bull run, the role of central banks, the evolving energy landscape, AI, and the prospect of a new global commodities super cycle.1:55 – What’s driving gold’s bull run6:50 – Gold vs. other commodities8:20 – Entering an energy super cycle?12:10 – Geopolitics and the future of oil16:30 – AI, commodities, and national security20:50 – China’s role in commodities markets23:35 – Broader macro factors Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

November 13, 202520 min

Searching for alpha in large-cap equities is a team sport

Portfolio Manager Anna Lunden and Macro Strategist Nick Wylenzek talk about how to navigate macroeconomic shifts and trends like AI in global large-cap investing.2:05 – Small-caps and the big picture7:10 – How policy impacts philosophy and portfolios 10:30 – AI and the large-cap index skew13:25 – Ripple effects (and opportunities) of AI17:35 – Structure, risk-management, and the pursuit of alpha Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

October 15, 202530 min

Navigating today's climate investing landscape

The latest episode of our WellSaid podcast dives deep into the world of climate investing and the transformative role of AI in driving sustainable solutions.2:00 Global climate policy environment5:45 Climate investments as problem solvers9:07 Assessing climate tech company fundamentals11:25 How AI is driving climate innovation13:50 Global competition for climate tech dominance16:25 Geopolitical dynamics21:35 Climate solutions as national security priorities25:05 Growing climate demand in emerging markets Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

September 9, 202529 min

Emerging markets, AI, and shifting supply chains

Strategists Bo Meunier and Thomas Mucha analyze the impacts of AI, shifting supply changes, and evolving consumer behavior on emerging markets.1:00 – Top trend: AI3:10 - Semiconductor supply chain8:00 – The auto industry and US tariffs10:30 – Domestic markets and differentiation13:30 – Real estate and construction15:35 – Focus on China20:50 – Deep dive on Mexico24:00 – Strong fundamentals in central Europe25:30 – A weaker USD and the end of US exceptionalism? Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

September 4, 202527 min

The leading edge of AI and cybersecurity innovation

Evan Reiser, CEO of Abnormal AI, and Rob Mazzoni, technology sector lead for late-stage growth private investments, join host Thomas Mucha to discuss how innovations in cybersecurity and AI are poised to disrupt everything from the software industry to geopolitics.In this episode:3:00 – AI reshaping software5:30 – Investing amid AI innovation8:30 – Disruptor versus disrupted11:30 – Intersection of AI and cybersecurity16:45 – What’s top of mind for CIOs?18:40 – Impact on geopolitics23:00 – Parting words for founders24:05 – Investment implications Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.