Change can be fast and dramatic: deglobalization, new wealth, AI and fiscal policy
The latest edition of Independent Thinking, published by Evercore Wealth Management and Evercore Trust Company, is now out.
We tackle some big questions in this issue, from globalization (spoiler: still a force, albeit much changed), to the increasingly important role of non-U.S. dollar denominated stores of value in investor portfolios, to aging well with AI.
Planning and investing strategies for entrepreneurs approaching a liquidity event are also addressed here. A big transaction is always stressful, but with proper preparation it can be the start of a very happy next chapter.
Please contact the editor of Independent Thinking, Aline Sullivan, with any questions or comments at [email protected].
Independent thinking®
VOLUME 54
Change can be fast and dramatic: deglobalization, new wealth, AI and fiscal policy
Global trade in 2025, both in goods and services, is expected to end the year at all-time highs. Shipping lanes still stretch around the world, carrying every manner of goods, even as the two global powerhouses distance themselves from each other.
We can no longer assume that the U.S. dollar, or dollar-denominated securities, will reliably preserve value. Critical institutions are coming under attack and losing public confidence.
Private equity is an increasingly attractive and important asset class for most ultra high net worth investors—and for good reason. The asset class now represents a large segment of U.S. corporate ownership.
When a liquidity event catapults someone from modest means to the ranks of the ultra high net worth, life can feel changed overnight. Exhilaration, anxiety, exhaustion—it’s an almost overwhelming mix at a time when so much is at stake.
