Publications

Our Brave New World

Type
Link
Cost
Paid
Published
2005

In recent years, we have seen companies become far more efficient in the way they use their resources, whether capital or labor. This important change is not only having micro consequences but also has big macro implications, including a fall in the volatility of our economic cycle, a higher tolerance for debt, higher prices for assets. Our Brave New World explains some of the important changes our world has gone through in recent years and tries to draw some investment implications.