Читать книгу Active Investing in the Age of Disruption - Evan L. Jones - Страница 11

PART I MARKET ENVIRONMENT: THE 2010S AND 2020S

Central bank intervention and the accelerated pace of technology are causing traditional business models to be disrupted at historic levels. Disruption is occurring across almost every industry and causes change to historic business cycles, industry power dynamics, and consumer behavior. The change is material enough to cause paradigm shifts leaving executives and investors with an unforeseeable future. These industry paradigm shifts combined with macro-driven financial markets have created one of the toughest environments for active investment managers in history.

Note

1 The bolded words are present in the glossary