Global Developments to Watch over the Next Five Years
(1) Corporate America, after enduring a never-ending stream of DEI reporting requirements, pushes back against quota-driven standards. DEI 2.0 rises from the ashes and focuses on Diversity (of perspective), Equality (of opportunity), and Incentives (to do well).
…(11)…Time (or another major media outlet) identifies a new committee to save the world, this time from climate alarmism. Its members are Steve Koonin, Bjorn Lomborg, and Michael Shellenberger. Some climate change activists are aghast and begin petitioning bookstores everywhere to stop selling each of their books…
…(8)…Global supply chains shift dramatically as “just-in-time, lowest-cost” logic gives way to “just-in-case, security-of-supply” objectives in corporate boardrooms. Companies around the world begin stockpiling raw materials and building inventories to buffer against possible disruptions.
…(13)…Telecommunications equipment platforms begin the bifurcation of the global economy into two distinct trading blocks, one led by China, the other by the United States. Countries everywhere are forced to choose which economic ecosystem they will join.
…(9)… The global community acknowledges that Cold War II is de facto underway between Russia, China, and the United States. Nuclear weapons production accelerates rapidly in the United States, driving Russia and China to also build large stockpiles.
… (3)…Kazuo Ishiguro’s Never Let Me Go hauntingly refuses to be dismissed as pure fiction. Gene therapy makes major progress.
…(17)…The meteoric rise of passive investing strategies continues to unsustainable heights. Passively managed assets under management exceed those that are actively managed.
…(10)…National governments create military-like cyber teams to hunt down and bring cyber-terrorists to justice, but they are not able to avert a destabilizing attack on critical infrastructure. Ted Koppel’s Lights Out proves prophetic.
…(9)… Ebola is contained, but another (this time airborne) epidemic rears its ugly head… Middle East Respiratory Syndrome?
THINK FOR YOURSELF
An indispensable guide for those looking to restore self-reliant thinking in a data-driven and technology-dependent yet overwhelmingly uncertain world.
THINK FOR YOURSELF is Vikram Mansharamani’s latest book. In it, Vikram recommends a balanced approach to dealing with experts and technologies that neither dismisses nor blindly defers to them. The key, he suggests, is for us to retain control but tap into expertise as needed.
Filled with strategies to make better decisions in the corporate and personal domains, THINK FOR YOURSELF provides concrete steps one can take to reclaim control from the people and systems that are hijacking your thinking. Whether facing a uncertain medical diagnosis or a cloudy economic outlook, this book will help you think more clearly about your decision.
An authoritative, up-to-date guide to the history of booms, busts, and financial cycles; a must-read for investors, policymakers, and analysts.
BOOMBUSTOLOGY: Spotting Financial Bubbles Before They Burst is essential reading for anyone seeking to make sense of the radical uncertainty plaguing today’s economies and financial markets. In addition to providing comprehensive, multi-lens descriptions and analyses of prior booms and busts, readers of BOOMBUSTOLOGY will gain a valuable framework through which to understand tumultuous and potential bubbly conditions in today’s financial markets.
The numerous cross-currents driving today’s markets demand that leaders from the corporate boardroom to the trading floor be on the lookout for forthcoming financial chaos.