Stocking up on the future

SINGAPORE (Feb 4): The advent of another new year has us thinking about the future — specifically the future economy. From preschoolers to mid-career executives, corporate bosses to top civil servants, just about everybody is busy preparing for the disruptive force of technology, even though it is not clear exactly how businesses and the economy will be reshaped.

At the same time, powerful trends such as global warming and widening inequality are changing the way people want their economic systems to work. That goes for the global economic system too. Rather than continue to embrace globalisation, many now want their leaders to put national interests first, and restrict the flow of international trade and immigration. Meanwhile, the growth of big emerging markets such as China and India is raising their global influence. The result is seismic shifts in geopolitics, to which we will have to adapt.

As it happens, the Lunar New Year ­period is also when The Edge Singapore traditionally puts out what has come to be known as the 10-stock portfolio. These annual portfolios are based on nothing more than our own collective observation of the corporate sector, and general sense of financial market trends. There is no allowance for changes during the course of the year. Even though the performance has varied wildly from year to year, by our calculations, we have come out ahead of the benchmark most of the time. Indeed, our most recent 10-stock portfolio for the Year of the Dog has beaten the market.

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