The escalating human and economic costs of climate disasters mean policy risks are rising as well. Investors need to consider the risk of asset re-pricings by 2025.

Artificial intelligence, aka AI, will generate phenomenal wealth ...largely by destroying countless jobs. Whether that world becomes a post-scarcity utopia or a feudal dystopia hinges on how wealth, power and dignity are then distributed — it hinges, in other words, on politics.