Today, we are living through an era that is just as significant as the Industrial Revolution was so many years ago. In these modern times, change is being created almost at the speed of light - and, with these changes, there are both big challenges and opportunities that are presenting themselves for long-term investors.
While some of these changes may be slow to develop, they are having profound implications for the entire world economy. One example is the evolution of a middle class in developing countries. Many of these individuals have gone from lacking opportunity to creating opportunity, by establishing their own businesses and moving forward financially. Literally hundreds of millions of people are being affected - and it is likely that the effect will continue to build.
Other changes have burst onto the scene quite rapidly, such as smart phones and the Internet. Today, people from all corners of the globe have more access to information than ever before - and that is powerful. This is something that was unimaginable even just a decade ago, but today is common.
While we may not see inventions like hover boards or flying cars any time in the near future, the inventions that we do have such as the Internet and instant communication have created significant opportunities - for people and for investment - worldwide, for both the short- and the long-term horizon.
"Knowledge is power. Information is liberating. Education is the premise of progress, in every society, in every family" - Kofi Annan