WORLDVIEW: Amazon, AliBaba going head-to-head; the world’s gorilla war has begun

Market veterans love telling us the four most dangerous words for investors are "this time it's different". They have mostly been right. In every market bubble since 1929, optimists have invented justifications for eye-popping share prices – with disastrous consequences.

But that well used saying has never before had to contend with the dangerous trifecta of the Internet, Big Data and the Fourth Industrial Revolution. These irresistible forces are turning the business world on its head – disrupting entire industries, providing outsized rewards to the early movers and punishing laggards and those slow to adjust.

My own background provided a privileged vantage point from which to view the forces shaping these seismic shifts.

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