War Reminds Markets Why Material Trumps Ethereal
The promise of technology exists only with access to the energy, metals and minerals currently being choked off in the Gulf.
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Earlier this week I interviewed Cathie Wood of Ark Invest for the Merryn Talks Money podcast. We talked about the great acceleration and convergence in technology. How artificial intelligence, robotics, energy storage and blockchains are becoming interdependent while changing our worlds faster than we thought possible.
We talked driverless cars, data centers in space, reusable rockets, her ideas on the revamping of the global monetary system (yes, it is all about Bitcoin) and the tokenization of everything. This stuff is exciting; tech brilliance is hugely energizing (you can listen to our chat on Monday) and makes for a pleasant change of pace from my standard chats with fund managers more interested in mildly beating benchmarks.