The growth correction
“ I ’ d also be nervous about the banking industry . People think it ’ s easier with rates going up , but these businesses are getting eaten alive by fintechs ”
no longer exist . He warns many of the sectors that could face a similar fate over the next decade are those being touted as inflation hedges . “ What would I be worried about ?” he asks . “ Carbon-intensive industries , particularly in energy . I ’ d also be nervous about the banking industry .
People think it ’ s easier with rates going up , but these businesses are getting eaten alive by fintechs .” He adds : “ Change is going to accelerate . I ’ d rather be involved in businesses on the correct side of that change than those that are optically cheap but on the wrong side .”
Issue 82 - March 2022 / 17 /