In today's Exponential Investor...- Some hard facts about the change
- What doubles every year
- About to take off…
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Imagine you locked yourself away in a room with a way of communicating with the outside world on 1 January 2020.
You hole up with a copy of
War and Peace and spend the next year and a half completely oblivious to Covid… lockdowns… or anything else that's happened recently.
After 18 months with War and Peace
OK – now imagine you unlocked your door this morning and emerged from your own personal isolation.
How shocked do you think you'd be with the pace of change since you've been "away"?
We've just lived through what feels like the most dramatic, rapid period of change in human history.
Millions of workers have swapped their daily commute for remote work, using video conferencing technology like Zoom, Skype or Google Hangouts.
Trains that used to be packed with (utterly miserable) passengers are out. WFH is in. A couple of years ago it was a luxury (or a bit of a doss). Now it's a right.
After crashing in the initial selloff, digital currencies have rebounded in a way that has confounded even the biggest sceptics. (Bitcoin trades at about $43,000 as I write, roughly 10x higher than its March 2020 low.)
If you're in any doubt of just how extreme the change has been, then chew on this stat:
In November 2019, the number of GP practices in England that offered video consultations was just 5%. By the middle of last year it was 99%. That's a change you can expect to see reflected all over the world.
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The financial consequences of the pandemic are now starting to be felt.
All the cheap money printed. All the debt piled on. We're starting to see the impact of all that. The sad thing is – inflation is exactly what the government want. It works for them – because they owe so much money. But it doesn't work for you. If you want some ideas to help you come out on the right side of it… Capital at risk |
Moore's Law
My point is this: it may have felt like everything that
could go digital
had gone digital before the pandemic. But it turns out that was way off. The pace of change has been dizzying.
And it's not just because of the pandemic.
This is a part of a bigger trend that's been steadily growing for decades. The rate of change in the world is speeding up. Maybe you've heard of Moore's Law before. It states that computer processing power doubles every two years (meaning its cost halves).
That means that anything digital – anything connected in some way to computing power – ultimately intersects with Moore's Law and begins advancing at an exponential rate, too.
It's the prime reason – I believe – that new technologies are emerging, and being adopted, faster than ever before.
The numbers back this up by the way. According to an MIT study, it took 30 years for electricity to reach 10% adoption. It took 25 years for telephones. Yet the smartphone took just five years.
The best way of thinking about exponential growth? Well, try inverting Hemingway's famous description of bankruptcy. It happens
slowly… and then all at once. The last two odd years have been the "slowly" phase.
We're now living through the "all at once".
And it's leading to changes to the world and the financial markets that you simply have to understand, if you want to prosper.
I'm probably teaching my grandmother to suck eggs here, of course. Why else would you be reading something called
Exponential Investor, unless it's to understand and anticipate how exponential growth would change your life?
A new technology and an exponential inflection point
And that brings me to today…
I'm dedicating this week to telling you all about a new technology that I believe is about to hit an exponential inflection point. I think we're about to see sudden, widespread adoption, all over the world.
That's going to bring about some major changes for us all. Everything from the way you pay taxes… get medical treatment… even how you vote – it could all change, as a direct result of this technology.
It's a digital technology like the internet… but it has the potential to be even more disruptive. In fact, a study of technology experts I saw found that nearly 9 out of 10 of them expect it to be as transformational as the internet.
That's quite a claim.
But as you'll see, there's a good reason those experts believe it's true.
Pretty much every big company you care to name is either investigating or adopting this technology already. Mark Zuckerberg called it
"the next big thing". Apple CEO Tim Cook claims that using it will be as normal as
"eating three meals a day". And – though we're only in the early phases of adoption – it has already helped send several stocks up by more than 1,000%.
The good news is that I've spent the last few months on the trail of this technology. On Thursday I'm releasing a short film I've made dedicated to explaining what it is, how it's going to impact you and how you can invest in it. (If you want to be amongst the first to watch it,
just hit this link now.)
I think what I have to say might surprise you.
But it could also help you understand and invest in what I consider to be the biggest trend of the next decade.
I'll tell you more about it tomorrow.
Until then,
Sam Volkering
Editor,
Exponential Investor PS You need to get your head around the sheer scale of the disruption about to send the tech and financial world in a spin. It's a platform for innovation and wealth generation built upon the biggest "foundational technologies" of the past. What is a foundational technology? Make sure you read my post from Monday – I run you through everything you need to know:
Read now:
What is "foundational technology"?
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