There will be another drawdown in 2026. Just like there was in every year before it. But downside volatility isn’t the enemy of high returns – it’s the reason they exist.

Mind blowing to many: investing at all time highs has yielded better long term returns than investing on any given day.

Here are 7 things I’ve learned from 20 years studying human development 👇

No better case than this for investing in stocks for the long run.

Revenue per employee up 75% for the top decile of AI/software companies in 2025. Probably doesn’t slow down in 2026 given the December revolution in AI coding agents. Nothing to see here, move along. No evidence of AI productivity anywhere.

Huge surge in new 52-week highs on the NYSE and S&P 500 yesterday. This isn't what you see when the world is about to end.

Jensen today Zero BS Watch this. Largest infra buildout in history. GPUs aging “like fine wine” 6yr old chips appreciating 🍷 100% deployed Zero dark capacity Software now uses tools US must win all 5 AI layers This isn’t a bubble The gold mine is just opening $NVDA

Here's the S&P 500 in log scale with bull and bear markets shaded. Bears are short and steep. Bulls, long and steady... bespokepremium.com/bespoke-member…

“If you mix politics with your investment decisions, you’re making a big mistake.” – Warren Buffett

Lol RenMac: Renaissance Macro Research: "In the movie the Social Network, there is a scene where Zuck says, 'if you guys were the inventors of Facebook, you would have invented Facebook!' It is sort of like that for tariffs. If tariffs were going to create inflation, they’d create inflation. In January,

This is an excellent read on what’s happening in the world of AI and what it means for the future. Lots of good advice too!

“I've missed more than 9,000 shots in my career. I've lost almost 300 games. 26 times, I've been trusted to take the game-winning shot and missed. I've failed over and over and over again in my life. And that is why I succeed.” – Michael Jordan

One August 31, 2020, Exxon Mobil was kicked out of the Dow. It was replaced by Salesforce. Exxon is up 271% and Salesforce is down 32%.

Focus what you can control and let go of the rest.

"Nvidia now makes more revenue in a single quarter than most other semiconductor companies generate in an entire year. The chip maker’s fiscal fourth-quarter results Wednesday showed revenue of $68.1 billion, up 73% from the same period last year. This was the company’s best

Every investor should know the basics of Nvidia’s financial performance, as the company’s weighting in the S&P 500 (8.0%) is larger than 5 entire sectors. The bottom line is that this is a wildly profitable company with remarkably high returns on shareholder equity. $NVDA $QQQ

Good time to dust off the Chart of Fears. Yes, what is happening now is confusing and scary. But we've seen many other times like this and stocks have always moved from bottom left to upper right.

The market has had a negative return about 1 in every 4 years. You can expect a drop of over 10% every other year. You can expect a drop of over 20% about every four years. Successful investors know this. If you can’t accept it, the stock market isn’t for you.

S&P 500: V-shaped recovery over 11 days to new All-Time High after a 9.8% drawdown; Bull market confirmed. Fun Fact: Since 1928, this is the first time the S&P has made new all-time highs in 11 days or fewer after falling 5-10%.

Historic 10-day run for the S&P 500!