This is not a bubble, Pimp my Portfolio with Adam Dawes & the mental biases holding you back

18 snips

Oct 5, 2025

The hosts dive into the speculative nature of today's AI-driven market, questioning if we're in another tech bubble. They analyze how current profitable tech differs from the cash-burning dot-com era. Adam Dawes reviews a community member’s portfolio, highlighting the need to reassess underperforming stocks. Tips on recognizing when to sell thematic ETFs and cognitive biases like loss aversion come into play. Learn why realizing losses can actually be beneficial for your investment strategy!

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INSIGHT

AI Hype Looks Like 2000 But Is Different

Current AI-driven market moves resemble 2000 visually but differ materially in fundamentals.
Major tech companies today are highly profitable and driving returns via earnings growth, not just multiple expansion.

ADVICE

Stick To Regular Investing

Keep a long-term focus and continue regular investing instead of trying to time the market.
Even investing at yearly highs over 20 years outperformed holding cash or bonds significantly.

INSIGHT

Returns Mostly From Earnings, Not Mania

Since 2019, most index returns came from profit growth and dividends, not speculative multiple expansion.
This suggests present gains are backed by fundamentals rather than pure exuberance.

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Could we be living through an AI stock market bubble? Or is the market hitting all-time highs back by fundamentals?

Those are the questions we seek to answer at the start of today's episode of Equity Mates. Tune in as we work though the data and get to our conclusion that this is not a bubble (not yet at least).

That's not all we talk about in another big episode:

Adam Dawes is back to review a community member's portfolio in the latest Pimp my Portfolio
We answer a question on 'knowing when to sell'
We unpack two mental biases you need to watch out for as investors

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