Have you ever considered that your investments could be part of saving lives? In this video, you’ll hear from Anant Goel on the value created by the companies creating advanced driver-assistance systems.

I often ask people, how many people do they think die each year in auto accidents? Its 1.3 million people globally, and it’s about 40,000 people in the United States alone.

In this chart, what you can see is data from the 1970’s all up until recently. And what we saw was for almost 30 years, there was a reduction of almost 1.5% year on year reduction in the number of fatalities through car accidents. But what we’ve seen in the last couple of years is that number has started going up by over 6%. We believe part of that is due to distracted driving. And I also like to ask people what percent of the accidents do they believe happen due to human error? And that number is a staggering 94%.

Isn’t that incredible? That’s over 1.1 million people dying every year just due to human error while driving.

Wouldn’t it be great if we had technology that was able to address this to a certain extent? Advanced driver-assistance systems, or ADAS, has the potential to make driving significantly safer.
Author

Anant Goel

Portfolio Manager, Senior Research Analyst

Anant Goel serves as a Portfolio Manager for Eventide’s Strategic Growth, Technology, and Large Cap strategies, as well as Senior Research Analyst on other Eventide investments.

Mr. Goel has a diverse background having grown up and lived in India, Hong Kong, UK, USA and China, which combined with his academic and professional interests, allow him to incorporate a diverse set of perspectives in his investment decision process. He has been passionate about responsible investing from early in his career. He has served as a Research Analyst at Eventide since 2016, leading its technology focused research. In 2015, during his M.B.A. program, he worked at Adage Capital Management, a long/short hedge fund. From 2011-2014, he served as an Analyst for NewQuest Capital Partners, a Private Equity firm in Hong Kong, where he was responsible for evaluating new investment opportunities for funds across Asia. From 2008-2011, he lived and worked in Beijing, China where he studied Mandarin and worked on start-up companies and other investment projects.

Mr. Goel holds an M.B.A. from the MIT Sloan School of Management where he was selected as a Teaching Assistant (TA) for finance courses for both Executive M.B.A. and M.B.A. students. He also holds a Bachelors of Science (HONS) from the University of Warwick, UK in Economics.