Events over the past couple of days have been unsettling, and markets have reacted by pulling back. I do not see this as a sign of economic weakness, however. It’s more like an instinctive reaction, and I foresee a relatively swift recovery.
Stock markets are similar to people: They startle easily, and return to equilibrium fairly quickly. It’s human nature, and we have to accept it for what it is. Yes, we’re facing a moment of uncertainty and elevated geopolitical risk. But the long-term outlook remains strong.
When you look at the fundamentals, nothing has really changed. Innovative technology companies are still driving a truly amazing and unparalleled surge in the global economy. The convergence of newer technologies and advanced capabilities such as artificial intelligence, machine learning, natural language processing, augmented reality, facial recognition, robotic process automation, high-speed broadband and hybrid cloud are fueling an exceptional renaissance of creativity and invention.
These newer technologies have sparked a modern revolution that is far more powerful and more positive than anything we’ve seen before. From my perspective, we’re on the cusp of a new era of unprecedented ingenuity and productivity.
As I wrote last week, I am highly confident that we will continue developing and implementing innovative new technologies across multiple sectors of the modern economy. Together, we will increase wealth, help billions of people attain higher levels of prosperity and collaborate effectively to solve serious global challenges such as climate change and income inequality.
In my role as President and CEO of HMG Strategy, I am honored to know many of today’s best minds and sharpest intellects in the technology industry. Most of them share the bold and courageous vision of creating a measurably better future that brings tangible benefits to people in every part of the world.
Overall, I am extremely optimistic about our shared future. I look forward to another decade of remarkable growth and progress in our industry. As I’ve said and written before, this is absolutely the best time to be a technology leader. Will there be setbacks? Yes, of course. But it’s a safe bet that our success will continue and our lives will be enriched by technology in ways that we have not yet even begun to imagine.
