The Disruption of the Supply in Value Chains

As we go forward, demand will shift much multiple services, away from goods. As i said earlier, i think we are going to be in surplus most commodities and goods by the end of 22,. earli 23, rather than in deficits. So that basically tells me that you should still be very much into new economy rather than the old. That is why i only buy cyclicals and value when it's extremely distressed. But right now nothing is really extremely distressed. And so i prefer still very much on a tematic area, i e, a replacement of humans, augmentation of humans, entertaining humans, a betting on social, geo political dislocation.