Transformation and Investing: Disruption, Opportunity, and Absurdity
Transformational Investing: Opportunity, Absurdity, and Terror 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 innovation 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. Specific situations are dynamic and quickly escape a simple formula or any broad sweeping conclusions. General statements are a waste of time, profoundly inefficient and misleading, and designed simply to make the reader feel good without giving him or her any useful way to think more deeply about analysis and conclusions that matter.
