Paul's Market Insights
Paul's Market Insights is our bi-weekly communique to provide clients with current insights on financial markets.
Written by Paul Siluch
December 15th, 2023
“Don't change for you,
Don't change a thing for me.”
- Don’t Change, by INXS
Welcome to our last letter of 2023. The decade started in 2020, which means we are now finishing the fourth year of ten – almost halfway. The next four years will mark the peak retirement years of the Baby Boom generation and the subsequent handover of many offices, leadership roles, and wealth to younger hands.
Much has been written about the giant technological changes we are seeing happen right before our eyes. CRISPR gene-editing. Fusion power. Artificial Intelligence (AI). Many compare today’s miracles to those of yesterday - the steam engine, electricity, the internet - in how much they changed the world. These new ones will change humanity even more.
Written by Paul Siluch
December 1st, 2023
In Greek mythology, fire was a gift reserved for the gods. Watching humanity shiver in the cold, the god Prometheus took pity, stole fire from Mt. Olympus, and gave it to the mortals below. Zeus was furious. He chained Prometheus to a rock and had an eagle eat his liver every day, which grew back each night.
Okay, he was immortal, but that is still one heck of an eternal punishment.