CLient Portal
Read Time: 
1 min
Posted by 
Ashley works with clients to bring strategy, structure, clarity and confidence to their global financial lives and keep it that way. ​In 2013, Ashley founded Arete Wealth Strategists, a fee-only financial planning and investment management firm for Australian/American expatriates.
April 2, 2020

Reason for Hope

The world’s healthcare experts haven’t been able to give us a definitive date as to when a coronavirus vaccine will finally come to market—for obvious reasons.  There are a variety of vaccine formulas being tested on human subjects as you read this, but the researchers will have to test many different formulas and different dosages of each formula, and evaluate the impact on the immune systems of a significant number of test subjects.  

Is there a better way to predict when all of this will lead to fruition?  Peter Diamandis, founder and executive chairperson of the XPRIZE Foundation and author of Abundance—The Future Is Better Than You Think, who also holds degrees in aerospace engineering and molecular genetics from MIT and an M.D. from Harvard Medical School, turned to technology to solve the prediction problem.  He created a FutureLoop web platform and asked 3,000 experts to predict the date when the Food and Drug Administration (FDA) would approve the first Covid-19 vaccine.  Then he used machine learning and human intelligence in a symbiotic loop to analyze and hone the results, on the theory that crowdsourced predictions that are thoroughly evaluated by artificial intelligence will provide better predictions than any individual.

The result?  The FutureLoop process predicted a vaccine approval date 8.64 months from now, by December 19, 2020.  Interestingly, roughly 29% of the polled experts believe that the vaccine will be out in six months, by September 30.  



Join our Newsletter for Financial News and insights
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Investment advisory services offered through Arete Wealth Strategists, a Securities and Exchange Registered Investment Advisor. Telephone number 888.544.3250. Arete Wealth Australia may offer investment advisory services in the State of Minnesota, California and in other jurisdictions where registered or exempted.
Click here to read our Form Client Relationship Summary