In this book, we explain some of the important changes our world has gone through in recent years and try to draw some investment implications.
In recent years, we have seen companies become far more efficient in the way they use their resources, whether capital or labour.
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...
In Our Brave New World, we explain some of the important changes our world has gone through in recent years and try to draw some investment implications.
This 130 page book was published in September 2005.
