Happy MLK Day.  I’m enjoying an extra day of "rest" but... I can’t help it. I have to reach out to my peeps because, like the AI Inference stage, my gears never stop turning either. The Case for Broadening The case for broadening keeps getting stronger. While the infrastructure side of AI has become more challenging, enough groundwork has been laid to change the world for the next 50 years. This is the inference and utility phase  I’ve been talking about for months. Beneficiaries vs. The...

See what I did there with that title?   But seriously, enough world-class comedy.  We need to notice something that’s happening, and it’s a very good example of challenges in this new investing world. Adobe.  The major software company known for its creative and document management solutions: Photoshop, Illustrator, Premiere Pro, Acrobat… Yes, lots of free cash flow - from a valuation perspective it’s cheaper than it used to be, by a TON. But no, that doesn’t automatically make it a buy....

By: Hans Albrecht As we head into 2026, I want to start with something that has nothing to do with where the S&P might trade or how many rate cuts are coming. It’s this: be very careful who you listen to . It has never been easier to look like an expert. Put up a website. Post a few charts. Use the right buzzwords. Sell a subscription. Suddenly, you’re a “pro.” But looking like something and being something are very different things. This is where the Dunning-Kruger effect  comes in - the...