Undefeated BYU heads into a huge game against Texas Tech this morning. Go Cougs!
In other news, AI-related content is proliferating at a very high rate, especially with newer tools like Sora 2. It is prudent to question any media, video, or photo, that you see.
On Facebook this week, we saw numerous pictures of UF quarterback DJ Lagway, accompanied by a feel-good story about him buying a café where he used to eat as a young man, and using it to feed the poor. It’s a nice story but entirely made up.
This little video is a good example of what can be produced today in just a couple of minutes. It is entirely computer-generated.
-------------------------------------------------------------------------------------------------------------------------------------------
We flew this week and were fortunate to avoid any shutdown-related delays. This is a good argument for privatizing air traffic control, on the basis that such important services should not be subject to political gamesmanship. It does not mean creating a profit-seeking entity, instead following the Canadian model and non-profit management.
We are excited for Ken Burns new documentary on the Revolutionary War. This is a great interview about some of the key conclusions.
Lab-grown chocolate may be the way of the future. With cocoa prices volatile and on the rise, this is of great interest.
This video makes a good argument that things used to be prettier, and tries to answer why.
Are you confident in your parallel-parking skills? We just learned that you can test yourself against other parking ninjas in a championship competition.
-------------------------------------------------------------------------------------------------------------------------------------------
Q: Are we in a bubble?
A: This is the question of the month. The truth is, we don’t know. Even if we are in a bubble, it doesn’t mean that you will benefit from making drastic changes to your portfolio.
Federal Reserve Chairman Alan Greenspan made his famous comment about the “irrational exuberance” of the market in 1996. Equity markets continued to increase in value until the year 2000. Even though the losses from the tech bust were significant, the period illustrates the importance of maintaining a disciplined, long-term perspective rather than reacting to short-term market volatility.* We do not think that the rules are different this time.
We don't believe that you can time these kinds of market movements accurately enough for it to be a viable investment strategy. If you have a shorter-term goal, the account allocation can reflect that without a major repositioning being required in response to a potential decline. As always, your personal goals and time frame is the most important driver of your investment mix.
*Past performance does not guarantee future results. All investing involves risk, including the potential loss of principal.