Investment world must change fast to keep up with millennials

THE emergence of the millennial generation and the impact of artificial intelligence (AI) are two of the major long-term challenges and opportunities facing the investment community over the next few years. Both are known, both are written about. But both are also misunderstood and underestimated by the investment community.

The world is set to witness three important demographic trends that will shape the next 25 years.

First, there is a massive growth in global population to about 9.6 billion from about 7 billion today.

Second, we will see a big growth in the older generat…