Automation (Long Robots, Short Humans)

There Will Be Blood

This is a must read by Josh Brown on the rise of the robots. It's particularly relevant in a week where the FANG stocks went absolutely bananas. From a (financial) survivalist perspective, his point is hard to argue (and easier to support than investments in these stocks on the basis of valuation). That said, there does appear to be conflicting narratives on the automation point. Contrast this (oil & gas jobs are never coming back) with this (there aren't enough people to fill oil & gas jobs). Curious. We tweeted at Josh to see if he had thoughts on this contrast but he hasn't responded. Maybe because we only have 194 Twitter followers. Public service announcement: please follow us on Twitter.