No. of Recommendations: 8
"In a world facing rapid change from AI, it's the things that won't change that you want to build on and invest in.
Personally I'm more concerned about investment climate impacts than investment AI impacts.
Not hurricane losses, which insurers can price incrementally, but more indirect things.
Am I invested in any businesses that are at material risk of a very bad impact? Critical dependency on facilities at flood risk or water availability? Non obvious consequences of widespread migration and conflict?
A random example: Brookfield has a lot of assets in Manhattan and London at low elevations.
Much of the Isle of Dogs, home to Canary Wharf properties, is at an elevation of 2-4m AMSL.
The small true eponymous Canary Wharf area is higher.
A sea level rise of 10m is "already baked in", much of it from thermal expansion, though it will take a very long while. I'm a short term investor, in that context.
Jim
