06 Oct Book Excerpt: Shareplicity 2, A Guide To Investing in US Stock Markets
Posted at 00:00h
in
Chapter 5 Secular growth megatrends: Part one – an overview
If you are not familiar with the term ‘secular megatrends’, then put simply: secular growth is a fundamental change in a sector that creates strong long-term demand for a new product or service, that well exceeds the traditional cyclical upturns in economic activity; and let’s leave it to Macquarie Bank’s global equities strategist and big thinker Viktor Shvets to define megatrends:
‘Robotics, cloud computing, AI and 3D printing are revolutionizing energy, manufacturing and consumption. Beyond atoms lies the singularity (the inability to differentiate between human and non-human contribution).’ (From his book The Great Rupture.)