first wave has already begun with David Bowie and his Bowie bonds and will continue in the next few years as other famous entertainment and sports stars cash in on their future earnings. In five to ten years, the next wave will begin. This wave will include highly paid professionals and the best knowledge workers. The third wave, in ten to fifteen years, will be groups that work together, a type of human bundle. Twenty years from now the fourth wave will hit. This will involve individuals of all levels.We must learn to manage our individual risk and view the opportunities as well as the threats. Three factors affect our decisions about risk. The first is math, what is the actual risk worth?, the second is the completeness of information, how much do we know?, and the third is our personal risk profile, how much risk are we willing to assume?. We must change our way of analyzing risk. Instead of insuring against loss, we should maximize by trading risk and the opportunities that come along with it. E-trading has dramatically lowered the cost of trading stocks. Our future wealth depends more on what stocks we buy than on our incomes. Part lll: CompaniesCompanies should create "strategic risk units" (SRUs) to identify, distinguish, put together and deal the assorted risks a company faces. SBUs and SRUs would complement each other because of the views they each take about risk. SBUs minimize real risk and see financial vistas as secondary, while SRUs look for financial risk for use as an advantage to trade by. Future wealth opportunities have more to do with risks than certain cash flows.Companies must evolve at the speed of the connected economy to survive. Currently external change is occurring exponentially, while internal change takes place much more slowly. The Internet reduces the cost of locating, purchasing and receiving what you need from people outside of your organization and makes internal organization outdate...
