Know Your Risk Podcast The Next Big Tech Boom Won’t Be in the S&P 500
Nov 4, 2025
Hosts dive into the unsettling realities of today's markets, highlighting inflated valuations and Ponzi-like financing. They dissect Palantir's baffling stock price and question the competitiveness of the U.S. in global markets. With a case for ex-U.S. equities as the next opportunity, they also explore the risks of debt-fueled rallies and the fragility of market structures. The discussion touches on the impact of central bank policies and warns of retail leverage amplifying risks. It's a critical look at the changing investment landscape.
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Avoid Getting Shaken Out Of Cheap Positions
- Consider holding through short-term volatility when you own assets bought at generationally cheap prices.
- Zach Abraham suggests resisting panic selling and focusing on risk management instead.
Valuation Math Versus Expectation
- Palantir's valuation defies basic arithmetic: small revenue needs massive market-cap expansion.
- Zach Abraham uses a revenue-doubling example to show current prices are implausibly high.
Big Returns May Be Outside The S&P 500
- The next generation of outsized tech returns likely won't come from S&P 500 mega-caps.
- Zach Abraham and Chase Taylor say ex-US and mid-cap markets hold better growth at cheaper valuations.
