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Alternative Market Briefing

The Big Picture: How to invest despite apocalyptic thinking

Wednesday, September 15, 2021

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Ric Edelman
B. G., Opalesque Geneva:

What is exponential growth? Suppose a population of mice rises exponentially to the power of two every year starting with two in the first year, then four in the second year, 16 in the third year, 256 in the fourth year, and so on. Apparently, the same applies to our current technological growth.

According to the three investors and futurists who presented in a recent Opalesque video, as we let our natural tendency to imagine the worst future get the better of us, realising this will save us from very off-putting apocalyptic thinking including fears of climate change and overpopulation.

While we are facing incredible challenges, we have to acknowledge two facts, says Ric Edelman, the founder of Edelman Financial Engines, the author of several personal finance books, and the host of a weekly personal finance talk radio show. First, the challenges that we are facing today are not the worst that our society has ever faced. "When we go back to the bubonic plague, when we go back to the world wars, when we look at the challenges over the course of human history, what's going on right now frankly can be regarded as a bit of a cakewalk." Second, we have more tools, more ability, more potential ......................

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