The Exponential Age is Coming: Understanding It Will Be Your Most Valuable Financial Hedge
Everything is being sucked into this new financial world, and you’ve got not to be left behind.
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I think we’ve entered The Exponential Age: an era where the digital and physical paths finally converge and everything is disrupted- for good.- Raoul Pal in realvision.com
Our brains are programmed to think linearly, and that’s the main reason we have so much difficulty picturing the exponential growth concept.
However, we can grab the example of Kodak to understand more straightforwardly the difference between linear and exponential phenomenon.
Kodak created the first digital camera in 1975. Yet, the company quit developing such innovative creations because it didn’t want to damage its monopoly in the photographic film business.
At that time, it was like inventing electricity, but then quit because you wouldn’t want to interfere with the candle business.
Kodak was slowly eaten in the following decades, being delisted in 1999 from the DJIA index, being there more than 7 decades long.
We can hear many stories about Kodak, but the exponential nature of the digital camera technology and its network effects led to a massive increase in adoption from the mainstream.
The power of technology disruption is exponential.
That’s why we’re entering The Exponential Age, where we can see all sorts of disruptions in different industries, from retail, auto, energy, and social networks. These are sectors where the digitization is so vital that it sucks everything like a black hole.
Two of the most important questions to do right now are How much can a financial disruption interfere with our wellbeing as a global society? Is economic disruption going to give every single citizen different tools to thrive in a more equalitarian system?
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