"Over the past 20 years, investors have grown accustomed to dramatic change. Yet I believe the period we are entering will dwarf those shifts. The next two decades will be marked by a speed and intensity of transformation that makes the last 20 look steady by comparison. Artificial intelligence is at the heart of this. It is not just another technology trend but a new foundation for the global economy."
"The Trump administration is seeking to reform the geopolitical order—not to overthrow it, at least not yet."
"The most powerful investment themes can often make us feel as if things are becoming more certain just as they are becoming more unpredictable and risky. Our best guard against the risks that might stem from unknowable change is to remain humble and diversify."
"Governments hate deflation as it means they have less to spend."
"The Trump administration is seeking to reform the geopolitical order—not to overthrow it, at least not yet."
"The most powerful investment themes can often make us feel as if things are becoming more certain just as they are becoming more unpredictable and risky. Our best guard against the risks that might stem from unknowable change is to remain humble and diversify."
"Governments hate deflation as it means they have less to spend."