Exchanges Investing in a post-modern ‘super cycle’
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Feb 6, 2024 Exploring the post-modern super cycle and its investment implications. Discussing the trend of nostalgia in a tech-enabled society. Examining technology's impact on consumer values and the trend of lower returns. Emphasizing long-term investment opportunities in a changing world.
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Long-Term Focus
- Focus on long-term structural changes in economic activity, policy, and society.
- These have a bigger impact on investment opportunities than short-term issues.
Post-WWII Super Cycle
- The post-WWII era saw institution building and strong growth.
- The 1968-1982 period experienced high inflation and low returns.
Post-Modern Cycle
- The current market cycle is a "post-modern cycle" with higher capital costs and regionalization.
- This shift contrasts with previous globalization and deregulation trends.