Transformational and Disruption: Innovation and Absurdity highlights the extraordinary opportunities and risks associated with disruptive technologies and the global transformation they are causing. Instead of headline-grabbing hyperbole, I attempt to create a context to understand these developments – a broader, methodical, and disciplined way to think about disruption and transformation.
Some of the world's most important industries are being profoundly impacted by new technological innovations and platforms, such as artificial intelligence, digital assets, blockchain-based businesses, gene editing, and DNA sequencing, enabling unprecedented disruption to business and economic models.
Investment success requires not only understanding these impacts but also grasping many other economic forces and elements ranging from global economics, game theory, competitive and microlevel analysis, as well as human behavior and emotions.
Stable predictability is increasingly anachronistic. Every company or industry will either be a disrupter or disrupted. The leading growth companies of today stand an excellent chance to be memories tomorrow.
This new world makes stability and a static competitive advantage less relevant. Looking for “moats” is becoming a fool’s errand. Investing will require more technological expertise, knowledge of major developments, and an understanding of the accelerating impact permeating the world’s economy.
The factors that influence any investment's true value are beyond a simple formula. Extraordinary returns are generated by a combination of factors beyond what the market understands. The total of all market decisions does not create an understanding of the future value of any investment. It is a static snapshot and passive investing works for passive decisions but is a flawed tool for any active decision-maker.
This book discusses topics ranging from disruptive innovation and technologies, globalization, leadership, fiscal and monetary policy, and other topics usually relegated to economics or behavioral textbooks. But, inferior performance comes from not understanding all the elements, macro, and micro, that influence investment choices, the policies impacting those decisions, the competitive environment, and management's leadership qualities essential to outperform.
The head of equity strategy at the Wells Fargo Securities, who is anticipating the 2021 S 500 target to be around 4,825, is predicting that the Wall Street is expected to establish a strong year-end rally and may witness a correction in 2022.
The Nasdaq, S 500 and Dow Jones all of them ended the past week on record.
The Nasdaq and S went up by around 7% back in October whereas the Dow Jones registered a gain of 6%.
What the market has been witnessing and perceived by numerous individuals and other investors is that the feeling that the market is unbreakable at the moment.
The market has received numerous pullbacks and bents, however, never broken.The equity strategist has listed strong economic fundamentals, reduced capital costs, plethora of cash on the sidelines as fuel prices soar and better-than-expected earnings to be some of the contributing factors.
It’s getting late in the bull market and now happens to be a period where irrationality starts to become more rational.
The first time I called into an elevator, I picked up my iPhone and dialed the number—labeled on my list as the Crown Plaza Hotel in Chicago—and immediately heard two beeps, then a recording of a woman's voice, who told me to press one to talk.
After just one ring I heard a series of four tones and was immediately listening to the inside of another elevator.
This time I heard a few muffled voices, then a woman answered: "There are people in here, yes."
"Turn it over," I heard a woman's voice say in a Midwestern accent.
This was my introduction to the illicit thrill of elevator phone phreaking.
I had learned about this hobby—and received my list of working elevator phones—just a few days earlier from Will Caruana, a thirtysomething freelance security researcher.
