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Editor’s note: “The Best Industry for Long-Term Investors?” was previously published in March 2023. It has since been updated to include the most relevant information available.

As a long-term investor, there’s one thing I like to do during periods of market volatility like we’re seeing right now.

I like to zoom out and look at the big picture to identify the technological megatrends that will reshape the world over the next decade, regardless of market gyrations. Then I buy the stocks on the cutting edge of those megatrends at huge discounts.

It is only the optimists who achieve anything in this world —theorist John Ellis once read this adage on a candy wrapper. It stuck with him, so much so that in 1986 he referenced this candy-wrapper wisdom in his Nature article “The superstring: theory of everything, or of nothing?”

“I was pretty upbeat,” Ellis says. “I was pretty positive about it.”

According to Ellis, ‘theory of everything’ is a rather tongue-in-cheek term for an encompassing framework that links together all physical phenomena on a fundamental level. The idea went viral, both scientifically and culturally. Numerous authors, philosophers and scientific influencers jumped on the bandwagon, including the makers of a 2014 biopic about Stephen Hawking.

A few hours ago, the Fuego volcano erupted in Guatemala.
An orange alert has been declared.
The eruption resulted in the formation of ash columns over 5 km high.
Lava flows began to descend from the crater.
Abundant volcanic ash fell on nearby villages.
The evacuation of residents and the blocking of roads begins.
It is expected that the activity of the volcano will continue for at least another 24 hours.
Fuego is one of the most active volcanoes in the country.
It is located 40 km from the capital of Guatemala.