

Interests: sports, food & wine, business strategy, new research. Investment professional (Ex Brait & Coronation). CEO Authorised FSP http://clancapital.com
From the Gilded Age to the post-Depression heyday of U.S. antitrust action, history attests that the cycle from wealth accumulation to wealth distribution turns in stages. Consolidation and inequality will be gradually chipped-away by regulation, innovation, and consumer tastes. Economic benefit will diffuse slowly and incrementally. Yet, even in the transition’s nascent phase, investment implications are already manifesting: