Friday, July 10, 2026

Equity Investing: Dumb Money versus Smart Money

It’s a World-Class Investment. It’s a Junk Investment. What Is Going on With SpaceX?
https://www.nytimes.com/2026/07/09/opinion/spacex-ipo-investment-smart-dumb-money.html
Must what goes up also come down? 

The Mind Game That Investors Can’t Stop Playing

https://www.wsj.com/finance/investing/the-mind-game-that-investors-cant-stop-playing-e3ad96af

Buying what’s hot feels right at the time, but too often ends in tears.

 

A.I. Has Rewarded Investors. It May Now Pose Their Greatest Risk.

https://www.nytimes.com/2026/07/10/business/ai-stocks-bonds-investing-markets.html

Near the midpoint of the year, stocks and bonds both report good returns. But the global stock market has become highly concentrated, our columnist says.