Prof G Markets What’s the Right Investment Strategy for 2026?
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Dec 15, 2025 Scott and Ed dive into investment strategies for 2026, weighing various perspectives on AI and market fragility. They discuss the ongoing battle between Paramount and Netflix for Warner Bros. Discovery, highlighting risks and implications. The duo also explores the potential for an AI bubble and the challenges of concentrated ownership. Scott shares personal portfolio moves and emphasizes the importance of diversification, while Ed advocates for de-risking strategies. Insights into investing in skills and health round out their recommendations.
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Wall Of Worry Hides Fragility
- The market climbs a "wall of worry": people feel bearish while indices rise.
- That anxiety reflects overvaluation and fragile concentration in a few big tech names.
AI Is An Ownership Problem
- AI is described as an "ownership problem," not just a tech problem.
- The worry: concentrated ownership and leverage amplify market fragility if AI expectations reset.
Three Drivers Of A Possible Drawdown
- Bear case: AI bubble, high valuations, and multi-year gains make a correction likely.
- Those three forces could combine to produce a painful but uncertain drawdown in 2026.