The Angle from T. Rowe Price

In this episode of The Angle from T. Rowe Price, Justin Thomson, head of the T. Rowe Price Investment Institute, sits down with Dan Gardner, bestselling author and co-author of Superforecasting: The Art and Science of Prediction, to explore what sets consistently good forecasters apart and what investors can learn from them. We find out why intellectual humility is foundational to good judgment, why investors should think in probabilities rather than certainties, and why starting with the base rate can sharpen a forecast. Dan Gardner also discusses how to update views in small increments, why admitting mistakes can strengthen rather than threaten an investor’s identity, and why good questions may become more valuable as high-quality answers become more abundant.

In “The Long View,” Eric Veiel, President, Co-head of Global Investments and Chief Investment Officer at T. Rowe Price Associates, welcomes CEOs and industry leaders to share their personal stories, leadership strategies, and lessons learned from running successful companies. The series offers a behind-the-scenes look at what it truly takes to lead in today’s fast-paced and ever-changing business environment. In this conversation, Wael Sawan, CEO of Shell, joins Eric to discuss his journey to the top of one of the world’s largest energy companies and the strategic priorities he has pursued since taking the helm. He shares his perspective on an increasingly volatile global energy system, why he sees the coming decade as one of “energy addition” rather than substitution, and how Shell is approaching capital allocation, energy security, and resilient, integrated value chains. Wael also explores the outlook for oil and LNG markets, including the factors that could shape the longer-term price of oil, and discusses how Shell is applying AI across trading, subsurface analysis and decision-making. The conversation also considers leadership, developing talent, learning from mistakes, and balancing the demands of today with the opportunities of the future.

In this episode of The Angle from T. Rowe Price, Justin Thomson, head of the T. Rowe Price Investment Institute, sits down with Susan Carnicero, a former CIA officer and expert in detecting deception. Drawing on two decades at the CIA, Carnicero explains how investors can ask better questions, recognize evasiveness, and uncover information management teams may not readily volunteer. She explores how confirmation bias can distort judgment and why open-ended questions, well-timed follow-ups, and knowing when to pursue an answer can generate better insights.

In “The Long View,” Eric Veiel, President, Co-head of Global Investments and Chief Investment Officer at T. Rowe Price Associates, welcomes CEOs and industry leaders to share their personal stories, leadership strategies, and lessons learned from running successful companies. The series offers a behind-the-scenes look at what it truly takes to lead in today’s fast-paced and ever-changing business environment. In this conversation, Vimal Kapur, Chairman and CEO of Honeywell Technologies, joins Eric to discuss his more than three-decade journey at Honeywell and the company’s transformation into three focused businesses. He shares the thinking and conviction behind the separation, the opportunity he sees in industrial automation, and how AI and increasingly autonomous systems could reshape physical infrastructure.

Artificial intelligence is moving from promise to practical impact, reshaping companies, industries, and the global economy. In this new season, we look beyond the hype to examine where AI may create lasting value, where expectations may be too high, and what investors should be watching as the technology moves into the real economy. Across the series, T. Rowe Price investors and experts explore the next phase of AI adoption, from the infrastructure and capital investment required to support it, to the rise of agentic AI, physical AI, sleeper beneficiaries, and the wider implications for productivity, labor, inflation, and growth. In this final episode, Shaun Currie and Jon Friar tell us why AI’s next winners may not all sit in technology as they explore potentially overlooked beneficiaries as adoption spreads into health care, industrials, financials, and consumer businesses.