It’s easy to see innovation as the end game - the hinge upon which advancement takes place. This concept makes for good one-liners and memes, but it lacks teeth. Unless we see innovation for what it is - a catalyst for success - we will fall short of making wise choices.
We continue to hold equity positions with growth potential and fixed income positions designed to provide a hedge against inflation. Finally, we believe the combined best guess of investors as aggregated by current market prices is hard to beat as a guide to what the future may hold.