#64 - Michael Taylor, Portfolio Manager at Simplify Asset Management: Healthcare Innovation, GLP-1 Competition, and the Future of Markets (recorded 03/11/26)

n this episode of The Bull of Wall Street, Jim Worden and Paisley Nardini are joined by Michael Taylor, Portfolio Manager at Simplify Asset Management. Michael shares his unconventional path from drug discovery scientist to hedge fund manager and now ETF portfolio manager focused on healthcare innovation. The discussion explores the current state of the healthcare sector, including drug pricing dynamics, GLP-1 competition, and emerging innovation cycles. Michael also outlines how advancements in technology, including AI and automation, may impact drug development, productivity, and long-term economic trends. The conversation highlights both opportunities and risks across markets, with a focus on active management and sector positioning. What you’ll learnHow a background in drug development can inform investment decision-makingKey differences between GLP-1 therapies and how they may impact market shareWhy healthcare may be positioned for relative strength based on current conditionsHow innovation in diagnostics, therapeutics, and longevity research is evolvingThe role of demographics, debt, and productivity in shaping long-term market outcomesHow active management may identify opportunities within a complex healthcare landscape Chapters03:00 From scientist to hedge fund manager06:00 The Pink Fund and investing with purpose09:00 Personal story and racing journey14:00 Healthcare sector outlook18:00 Drug pricing and policy considerations23:00 Innovation in healthcare and AI impact29:00 GLP-1 competition and positioning36:00 Identifying opportunities beyond traditional healthcare42:00 Macro environment and sector flows49:00 Debt, demographics, and long-term risks01:03:00 Active management and healthcare allocation  GuestsMichael Taylor, Portfolio Manager, Simplify Asset ManagementSpeakersJim Worden, Chief Investment Officer, The Wealth Consulting GroupPaisley Nardini, CFA, CAIA, Simplify Asset Management Follow usLinkedIn: The Wealth Consulting GroupX (Twitter): @WealthCGYouTube: @thewealthconsultinggroup Making Life Better at The Wealth Consulting Group If you’re ready to see how WCG helps advisors grow, subscribe for insights, updates, and resources built to make your practice, and your life, better.Subscribe at bit.ly/wealthcg