May 2026 Random Ramblings

A market that refuses to go down, AI coming for the investor's job, and MicroStrategy quietly becoming the entire preferred-equity market. Andrew's monthly ramble across five things he can't stop thinking about: stretched memory valuations, a hyper-concentrated tape, mental flexibility, and the cycle nobody believes can break.

This episode is sponsored by Fiscal.ai. Modern financial data for global equities, with a self-serve API that plugs fundamentals and prices straight into your LLM and updates within minutes of earnings, not days. Get 15% off at https://fiscal.ai/yav

Chapters:

00:00 Five things I'm rambling on this month

01:58 Sponsor: Fiscal.ai

03:16 "We'll never have problems again": a market that won't quit

04:56 Energy and oil: the worries the market keeps shrugging off

06:00 AI, space plays, and stretched memory valuations

09:54 Five stocks, half the S&P's gains

10:51 Is AI coming for the investor's job?

13:08 The counterpoint: 200-IQ machines and more fragile markets

16:10 Mental flexibility: why your old letters predicted your AI take

20:04 Why "the cycle is dead" always worries me

21:42 MicroStrategy is the preferred-equity market now

24:45 The CFO signal: leaving a big company for a small one

Links:

Yet Another Value Blog - https://www.yetanothervalueblog.com

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Production and editing by The Podcast Consultant - https://thepodcastconsultant.com/