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Some investment strategies work for decades. And then, seemingly in the blink of an eye, they stop working. We saw that with the ‘Japan trade’ from the 1950s all the way through to 1989. For almost four decades, investors in Japan made a motza. Everyone was confident this would continue – even sci-fi film-makers! Instead, the Japanese market turned in 1990 and hasn’t fully recovered even three decades later. We could be at a similar tipping point for investors – but this time, it’s a much bigger market in trouble than Japan. This realisation has big implications for your portfolio. In this piece, I discuss four assets you need exposure to in this new paradigm. And one you definitely want to avoid.

Like most things in life, most arguments in favour of this energy source or that one are grey areas that involve trade-offs somewhere else.
Trade-offs exist in costs, CO2 emissions, timelines, technology, safety, and energy security (as Germany discovered last year when its gas line to Russia was cut off).
We’re in the midst of a ‘mad energy scramble’ as my colleague Brian Chu put it in one team chat.
That flux, that uncertainty – that’s your big opportunity.

The global tech industry has minted more billionaires in the past two decades than any other.

Not only have the gains been humungous, but the speed upon which such gains have been made have been unbelievably fast too.

In today’s piece I want to go over one famous example and the lessons you can apply as an investor in tech. It all comes down to nailing the inflection point.

You’ve probably heard of Sir Isaac Newton. His laws of gravity and physics set the standard for the modern scientific world. But you might not know that Newton also had a central role in creating the gold standard.

It’s a fascinating tale that only came out 200 years after Newton’s death. But what’s that got to do with today? Quite a lot, actually…