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Antti Leinonen's avatar

Great article.

Regarding emerging markets I would recommend reading "The time travelling economist" book. According to its thesis, in many countries the falling fertility rate is one of the key requirements to help the country out of poverty, i.e. increasing GDP per capita.

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Maksim's avatar

I liked the article - good mental exercise. I will incorporate some ideas in my investment process. I've actually been looking at some potential financial beneficiaries (annutities and reverse mortgages), but haven't made a move yet.

You mentioned that AI/robotics/automation/cloud infra will be beneficiaries in this new demographic reality. Then I would not be so quick in discarding commodities, like energy, steel, cement, etc. It's projected, that we will need immense amounts of energy and building materials to build and power all these AI data centers.

Plus, developing countries still have to catch up with developed countries in terms of quality of life. You need vast amounts of energy and commodities for this as well.

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