| Ch-Ch-Ch-Ch-Changes In his bestselling book, The Energy Disruption Triangle, my friend David Fessler says that when it comes to technology, changes happen much faster than anyone expects. He's right. Only a few folks - including another famous David - were able to predict the sweeping effect the internet would have on... well, pretty much everything. Many saw the crashing and burning of companies like Pets.com and wrote the internet off as a mere flash in the pan... A fad for nerds who wear black vinyl coats and sunglasses indoors. Boy, were they wrong. A recent study found some 60% of today's jobs didn't exist in 1940. They couldn't have. Not without the internet. These days, the "digital economy" contributes more than $2.4 trillion to U.S. GDP. It employed 8 million people worldwide in 2021. Amazon (AMZN) alone employs 1.6 million people globally. In fact... it's rare to meet a young adult who isn't planning to pursue a web-based career. We often joke that today's college-goers are seeking degrees in "underwater basket weaving" and other silliness. But data from the National Center for Education Statistics tells a different story... It tells us that a growing number of students are opting for engineering and other technical degrees. Meanwhile, interest in social sciences and history is on the decline. This decadelong trend is hardly surprising when you consider many of today's graduates spent their formative years thumbing through apps on an iPad. The Digital Economy Goes Boom The internet disrupted everything. From our economy to our very way of life. It's changed us in good ways... and bad. And for folks who invested in the right tech companies - and even some of the wrong ones - the effects have been life-changing. In my own base portfolio, I've seen my shares in Apple (AAPL) more than quadruple. And in spite of last year's tech reckoning, I'm up 32% on Digital Realty Trust (DLR), 62% on Cisco Systems (CSCO) and 262% on Netflix (NFLX). It's why I'm able to freely splurge on the finer things in life (like birdseed and applesauce). Now a new wave of innovation is coming. And with it will come a new wave of profits. Anyone who missed out on investing in the beginning phases of the internet... or the early days of crypto... should pay close attention. There's no need to squint, either. AI is already shaking up industries in fundamental ways. Companies are betting big, restructuring and rethinking their hiring plans based on technology that is still in its nascent stage. At the same time, investors are scrambling to determine where they should lay their chips. For many of them, Nvidia is now a proxy for AI as a whole. The company's hardware will be essential to the technology's future... a simple fact that just pushed Nvidia shares to unprecedented heights. Manward's own Alpesh Patel has been singing the company's praises since January. But as he told me on a call recently, he isn't just interested in investing in AI... He's working to invest with it. As Important as the Internet Itself Alpesh has made a huge splash as one of the first hedge fund managers to openly use AI as an investing tool. (He even beat JPMorgan Chase to the punch.) Business Insider recently did a profile of his work so far. The results have been encouraging to say the least. It's all proof of Alpesh's belief that AI is "as important as the internet itself." That's a declaration that shouldn't be taken lightly. Just as the web did before it, AI is about to change the world in myriad ways... whether you're ready for it or not. AI has a powerful and profitable future. Fortunes are already being made. Our humble advice for investors? Be ready this time. This may just be the perfect place to start... click here. Sincerely, Alex Moschina
Associate Publisher, Manward Press | 
Post a Comment
Post a Comment