In the network economy, individuals, interacting voluntarily with each other by utilising the new platforms / apps and relatively cheap mobile devices they own themselves, can create value, and, even more importantly, utilise resources and available “excess capacity” as Robin Chase calls it, in a much more sustainable way than was possible during the industrial era.

Global economics these days reminds me of a puzzle. Every few days and weeks another piece of the puzzle gets put in place. It just takes time and a view to figure out the end game. 

When Jeff Bezos acquired the Washington Post many people said he must have lost his marbles – what was an online guy doing buying an offline business? Another guy who is very clever at puzzles as, "September was a record month for The Washington Post with more users than ever and increased digital engagement. The Post had 59.2 million unique visitors, according to comScore. The all-time high represents a 41% jump year over year. Total mobile unique visitors were 42.4 million, up 69% year over year, far surpassing last September. Desktop continued to show growth as well, up 12% month over month.”

So this week we saw Walmart (WMT) shares plunging on Wednesday after the US retailing giant jolted financial markets by forecasting a 6% to 12% earnings drop in fiscal year 2017.

Shares of the Bentonville, Arkansas company fell 10.04% or $6.70 to close at $60.03 on the startling news Walmart executives delivered at the company's annual investors conference with Wall Street analysts, held in New York City.

From USA Today: "Walmart plunges on lower earnings forecast. Attendees had expected Walmart to forecast higher earnings for the fiscal year that starts in February, even as the company hikes spending on Internet technology and employee salaries and battles Amazon — the e-commerce rival that this year leapfrogged Walmart for the title of the world's largest retailer.”

Personally I am of the view that the world in fact is a very different place now than it was even just a year ago. Millenials are the new age group and they just don't buy as much, they live with their parents longer, they get married later, they have children later, and they value experiences more than ‘stuff’, meaning they are more interested in travelling than owning something.

A very different cohort to the Baby Boomers and this means BIG changes ahead for investment portfolios. We have entered a new era of disownership and authorities around the world will do whatever it takes to attempt a counter response.

We have been thinking and acting to revamp portfolios in order to be ready for the future of investment. More healthcare, more technology, less price takers and more price makers. In many cases yield is a ‘trap’.

Metcash and Origin are examples of what happens to your capital investment when the company ‘changes’ direction.

Remember look at the big maps and do some puzzles.