SMM: (ed.8) The next step in a tech revolution to the Digital Age

SMM: (ed.8) Tech revolution to Digital Age

March 05, 2021

The internet has caused profound societal shifts in the past 30 years, but it’s influence isn’t fully realised. In this edition of the Sound Money Monthly I leverage off The Sovereign Individual’s historical analysis of technology. TLDR: A deeper technology-induced social and political regime change is underway, including a neutralisation of ever-growing nation state with an increasingly important role for digital decentralised financial technologies like bitcoin.

Full article

.      [10-minute read]

What do we do?

  1. I am trying to embrace the value-additive technologies.

  2. Hold onto core values because these shouldn’t change no matter the technology.

  3. Prepare for further uncertainty. The increasing probability of left-tail economic, social and political outcomes lowers the opportunity cost of investing into unusual outcomes and assets. I sense 2021 is going to get weirder yet as individuals flex their freedoms post lockdown, or perhaps pre-lockdown as frustrations grow. We need to be positioned for this social, economic, political and financial volatility.

  4. Investors must focus on assets exposed to volatility like options, hedge funds, active management, gold and bitcoin.

  5. Individuals must be aware of the economic and political volatility in store. Remain liquid, avoid getting too physically tied to one location and meditate.

At the end of the day, I think mental stability is the best response to volatility. It doesn’t work every day, but I’m trying to remain calm, be grateful for what I’ve got and keep enjoying each day, because this moment is all that there is. Make the most of it!

Who is more powerful?

Source: Business Insider

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