There is a sustainability revolution now happening, it’s been starting for a long time, but now it will really kick off as prices come down. Mobility is now just coming to the break-even price with petrol and cars, and the same with solar power—it is not there yet but it is getting there, and it is going to take off as soon as that happens.
Will that be a big part of your portfolio?Impact technology is.
It’s 100 percent at the moment.
Crypto. Yes, no, maybe?
Oh my goodness. I read a whole book even on blockchain, and I’m not much smarter than before I read the book. You can see the huge benefits, but even there, to get us to embrace it will be such a big step from what we’re used to. The smart contract stuff is awesome, and what it’s going to do to landowners in Third World countries—land registries and everything—the values that will suddenly arise and the social economic impact is going to be gigantic. You will start suddenly attracting international money and everything.
So you’re educating yourself about it now?
Yes. It’s something you need to know about. Blockchain will go big. Crypto, I don’t know. What I don’t like about it is the instability. You need to make it stable for it to have a real long-term place. Until that point, why would you want to ever own bitcoin if it’s jumping about by 50 percent every week? It doesn’t make sense. My gut feeling is I’m not going to go for that until it’s stable. Up until now, it’s just been a speculation vehicle mainly. And that’s it.
You’ve talked about how when you were racing you started meditating. Some top investors are interested in that, too.
Everybody’s close to burnout, in the investment world as well and in our society. Everyone has that tendency. The thing is, I’m so far away from burnout now because everything is so much less intense. I’m used to the ultimate level of intensity.
This article was provided by Bloomberg News.