Group 1 - The markets have experienced turbulence as the initial excitement around AI has waned, prompting investors to shift towards traditional stocks and emerging markets [1][2] - There is a growing "secular uncertainty" affecting economic and business logic, influenced by geopolitical factors and consumer behavior [2][3] - The current environment complicates the ability to identify successful mega-trends, necessitating a more detailed approach to investment opportunities [3][4] Group 2 - Investors are encouraged to seek out markets that are incomplete or "broken," such as private credit in emerging markets, which presents a favorable supply and demand scenario [5] - In volatile markets, high-quality assets can be acquired at significant discounts as investors liquidate positions to raise cash, creating opportunities for those with agility [6]