What the changing face of billionaires means for investors

clock • 4 min read
What the changing face of billionaires means for investors

“We won’t experience 100 years of progress in the 21st century — it will be more like 20,000 years of progress.” - The Law of Accelerating Returns by Ray Kurzweil.

Kurzweil's 2001 essay argued that human history showed technological change is exponential and in a few decades the world would be unrecognisable. 20 years later we have smartphones, use cryptocurrencies, have AI, and we can buy almost everything we need online. And that is just the tip of the iceberg. All those new technologies and ideas have been brought to the public by entrepreneurs and visionaries, many of whom have become very rich in the process. It is not just about being around at the birth of disruptive, world-changing technologies it is about having the business savvy and driv...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Equities

Daryl Liew, CIO at REYL Singapore.

REYL's Liew eyes return to overweight positions in Asian quality growth names

'It's a question of timing'

clock 28 June 2022 • 3 min read
Industry Voice: T. Rowe Price's 2022 Midyear Market Outlook summary

Industry Voice: T. Rowe Price's 2022 Midyear Market Outlook summary

Transitioning to a new paradigm

Ritu Vohora, Investment Specialist, Capital Markets at T. Rowe Price
clock 23 June 2022 • 2 min read
Amazon shares are down 40% from its peak

Growth stock pickers feel like 'a kid in a candy shop'

'It is time to go shopping'

clock 22 June 2022 • 4 min read
Trustpilot