The speaker mentions two startups that have had big breakthrough moments and compares them to his prediction of energy and defense being the best performing stocks for the year.
Investment banking jobs are at risk of being automated, while the finance industry may shift towards smart contracts and cryptocurrency. Heavy regulation may force innovation to happen outside of the US.
This podcast discusses an investment strategy that focuses on owning cashflow positive dividend-paying businesses such as Thermo Fisher, K-like 10 core applied materials, and others while avoiding energy due to overcrowding in the market.
While there will be unpredictable developments in the next 50-100 years, progress can still be made in mitigating risks, such as political coordination and horizon scanning by research institutes. However, this is often neglected due to bias against investing in what is not yet known, leading to potentially catastrophic consequences such as the ability to build pathogens that could kill billions.
Betting on sports is not only done for games, but also for market caps. The speaker thinks that betting on new, well thought out Web3 crypto projects that rebuild payment infrastructure in a decentralized way will be more beneficial than sticking with Visa and Mastercard.