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image source unknown; modified by Alyssa J Freitas |
Mauldin does however discuss the exciting exponential nature of technological and economic advancement (which was much more fun to read. After all, who wouldn't want to hear about an optimistic forecast for the future?). As technology and industry continue to advance at previously unheard of rates, there will be both great expansion in certain fields and even more destruction in others. Mauldin tells his readers that the solar industry is growing at 30% a year; this means that solar could soon be cost competitive with fossil fuels making no industry truly safe.
The takeaways for me (from what I summarized and other parts of the letter) are:
- be prepared for rapid changes and try to see in what industries these changes are going to occur, specifically so your investments can reflect it
- don't be fooled into believing that the government will make good on its promises
- even if you are not dependent on the government, when those who are realize they will not be getting what they expected it will affect all of society
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Have you read any interesting predictions of the future? Please, please, please share them with me in the comments! I am always looking for new perspectives.
Have you read any interesting predictions of the future? Please, please, please share them with me in the comments! I am always looking for new perspectives.
-Keep It Simple
Alyssa J Freitas
P.S. This is in no way, shape or form a sponsored post. I just love to share things that make me think and Mauldin's letters happen to be one!
Great post!
ReplyDeleteHaley
haleyvalerie.com
Thank you!
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