The severity of the global financial crisis, and the weakness of the subsequent recovery, triggered much soul-searching among the economics profession. The global economy may finally be escaping from the long shadow of the crisis, but macroeconomics has continued to undergo a major reassessment in light of its apparent failure to predict and explain the crisis.

In the asset management industry, we cannot afford to bury our heads in the sand about AI. At the most basic level, it will transform some of the businesses we own and lead to new investment opportunities that we must be open to.

Nearly two out of three Latin Americans will choose a new leader over the next 12 months. Chile and Honduras have kicked off the year-long cycle. Brazil, Colombia, Costa Rica, Mexico, Paraguay and possibly Venezuela will follow next year.

There has been much debate over the potentially negative impact of information overload on productivity, as opposed to the positive benefits from lower search costs.

Forecasting is more difficult than ever, given the rapid advances in technology. Before we anchor to today’s successes, we should bear in mind the lessons of history.

In 2017 we have experienced a bull market in global equities, resulting in new highs for many indices, while levels of volatility remain low by historical standards.

When Morris Chang set up Taiwan Semiconductor Manufacturing Co (TSMC) back in 1987, it was only two years after Microsoft had started shipping copies of its Windows operating system around the world, and a year before the first internet worm (similar to a virus) would infect a modest 6,000 computers.

The hurricane season in the Atlantic and other natural disasters serve as a sobering reminder of the devastation that can be wrought by severe weather events. The humanitarian and socio-economic impact can last from months to years.