ReSolve Riffs with Laurence Siegel on “Fewer, Richer, Greener” and the Age of Abundance
“The unfortunate truth is, very few want to hear an optimistic take on the world during a pandemic.”
Human beings evolved to pay closer attention to negative vs positive information. For our ancestors, the cost of seeing danger where there was none was a cortisol spike and an unnecessary sprint, but dismissing a real threat might have led them to be a predator’s next meal.
Our guest this week was Laurence Siegel, Gary P. Brinson Director of Research at CFA Institute Research Foundation and author of “Fewer, Richer, Greener: Prospects for Humanity in an Age of Abundance”. We discussed the main themes from his book, including:
- The case for techno-optimism
- Demographics, healthcare and lifespan
- Inflation, deflation and hedonic adjustments
- Pollution, climate modelling and the wide range of possible outcomes
- Why nuclear power is a crucial component of a greener energy matrix
- Differences across geographies
- Economics, capital markets and realistic expectations
We also debated the future of cities, real-estate costs and possible changes to the jobs market if we extrapolate current trends.
Thank you for watching and listening. See you next week.
This is “ReSolve’s Riffs” – live on YouTube every Friday afternoon to debate the most relevant investment topics of the day, hosted by Adam Butler, Mike Philbrick and Rodrigo Gordillo of ReSolve Global* and Richard Laterman of ReSolve Asset Management.