Disruptors companies are companies that have introduced new business models and changed or entirely displaced established industries in a significant way. Prominent examples are Amazon, Google, Netflix and many others. Identifying such companies at early stages is considered very difficult and often quite risky as by definition their business model is out of the ordinary and there is no certainty that such model will work.
The firm’s Investment Committee discussed how financial markets might face a multi-leg squeeze going into year-end. It stressed the rising energy prices, the infamous supply-chain bottleneck, and the much anticipated Fed tapering of its asset purchases schedule (which, actually, has in the meantime been announced by the Fed during its latest press conference). The better news is that we believe we will probably be back into a reflationary environment in 2022.
