Source: https://www.linkedin.com/feed/update/urn%3Ali%3Ashare%3A6962806303048032256
Bitcoin is a Distraction- Franklin Templeton CEO: #FutureOfCrypto-#NFT: #Blockchain NOT #Bitcoin: Bitcoin Distracts From ‘Greatest Disruption’ in #DeFi #Democratized #Decentralized #Finance: #JennyJohnson also discusses the “#democratization” of #private #assets on “Bloomberg LP #Bloomberg #Wealth with The Carlyle Group Co-Founder & Co-Chairman #DavidRubenstein.”: ‘Bitcoin is “the #greatest #distraction from the #greatest #disruption I see happening to #financialservices today.” The real game changer is Blockchain, she said, and “its impact on both our industry as well as other industries is pretty dramatic.”’ https://lnkd.in/guWCjZ4i
#FranklinTempleton’s Jenny Johnson is confronting the kind of problem her grandfather encountered decades ago. With companies now taking longer to go public, Johnson wants to bring more #private #investment opportunities to everyday customers. The chief executive officer of the $1.4 #trillion #money-#management giant sees the “#democratization of #privateassets” as analogous to her grandfather offering #mutualfunds to #retail #investors at a time when it was hard to #diversify.
Any Technology a Double-Edged [Multi Use] ‘Sword’:
“I describe it as a bit like running with scissors… Scissors are a great tool if used appropriately. We’re focused on trying to #responsibly bring it to the average #investor.”:
#AI #Augmentation
#MIT #AI #MachineLearning #Executive #Guide:
https://lnkd.in/eknKzm5
#Princeton #SmartMinds Use #SmartTools #Smartly:
https://lnkd.in/gcp_yHe
Franklin Templeton also offers #cryptocurrency #investments, though she calls #Bitcoin “the #greatest #distraction from the #greatest #disruption I see happening to financial services today.” The real #gamechanger is #blockchain, she said, and “its impact on both our industry as well as other industries is pretty dramatic.”
How have #indexfunds and #ETF’s affected your business?
I look at ETFs as a #vehicle to deliver your #investment #capabilities. Our expertise is people #managing #money. We have a certain mandate and a #risk #return being agnostic to the vehicle which we deliver it in.
As for #passive vs #active question, we’ve just come off a decade where #interest #rates were 0. You could borrow money for nothing. You didn’t get paid to be in #fixedincome. That pushed everybody into the #equity #markets or #private #assets. In that environment, #passive #funds often outperform in a #momentum #market.
#Uncertainty is the New #Risk https://lnkd.in/gJw62Nu2
…We Pioneered 30-Years Ago https://lnkd.in/gZgv5BN2
#Uncertainty makes people hesitate when #investing. Trend we’ve seen is retail investors have pulled money out [while also riding #Derivative #Gamma #ShortSqueeze as in #GameStop: https://lnkd.in/g92ymcvr ]. And you’re seeing the #institutional #investors being much I think more #cautious – translation: ‘smart money has gone short’.
Global Risk Management Network, LLC: Future of AI-Computer Science-Data Science-Finance Are All Here
