Bedrock’s Newsletter For Friday 25-07-14

This month we discuss the fallout from US and Israeli strikes on Iran, the effective closure of the Strait of Hormuz, and the market consequences of an oil shock that has left few places to hide.

Inheriting the Future is a new Bedrock series exploring how the next generation is navigating that responsibility in an era of rapid technological and societal change. Written by Bedrock Advisory Board member Kydd Boyle, founder and CEO of Horizons and a member of a fifth-generation family business, the series offers a candid perspective shaped by his experience as an entrepreneur, investor, next-gen, and father.

After spending a week inside Silicon Valley’s AI ecosystem, David Ephrati argues that today’s AI moment is not a repeat of the internet wave, but something materially larger. This article distils seven observations he believes carry lasting relevance for investors.