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Past returns: don’t even guide the past

The Thinking Ahead Institute's Tim Hodgson argues that past returns were over-stated, and future returns will be lower. More accurately, total value created will need to increase for shareholders to retain the same amount of value as previously.

The value creation boundary

The value creation boundary, a margin between innocent bystanders and the parties involved in an economic activity, is a powerful thinking device for asset owners and managers to use in considering their investment responsibilities. So should long-term investors expand the boundary and include more of humanity in the consequences of investment decisions?

Musing towards a more hopeful AI future

Predictions about artificial intelligence are often dire prophecies of humanity inventing the agent of its own demise or obsolescence. But if we consider that human cognitive powers might actually grow in response to the advancement of AI, the potential outcomes become less threatening.