The Journal. How to Be an Intelligent Investor in 2026
174 snips
Jan 12, 2026 
In this insightful discussion, Jason Zweig, writer of The Intelligent Investor column for The Wall Street Journal, shares essential tips for preparing portfolios for 2026 amid potential market turmoil. He highlights why buy-and-hold strategies remain effective while warning against the pitfalls of active trading. With concerns about an AI bubble, Zweig emphasizes the importance of diversification and gradual investment for newcomers. He also addresses the role of 401(k) contributions in market dynamics and encourages listeners to practice forecasting limits.
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Buy And Hold Broad Indexes
- Buy broad, low-cost index funds and hold them for the long run to minimize friction.
- Avoid frequent trading to reduce fees, taxes, and behavioral mistakes.
Markets Price The Unexpected
- Markets react to the unexpected, not to what people already expect, so worrying about visible risks is often misplaced.
- Paying too much for a promising future can ruin returns even if the prediction is correct.
Investment Surges Can Signal Lower Returns
- Heavy corporate investment often predicts lower future returns because much capital expenditure is wasted.
- Large investments into trendy technologies can trigger overinvestment and later shakeouts.
