06/18/2026
When it comes to artificial intelligence, investors are being asked to make predictions that no one can confidently make.
Which companies will win?
Which industries will be transformed?
What does the economy look like ten years from now?
The honest answer is that we don't know.
But we do know how markets have responded to major productivity breakthroughs throughout history.
Long-term equity markets have historically been fueled by innovation, efficiency gains and expanding corporate earnings. Electricity didn't shrink GDP. The internet didn't eliminate economic value. Both reshaped the economy and created new opportunities.
That doesn't mean every company benefits equally. Some will thrive, while others will fade.
The greater risk for investors isn't that innovation happens. It's that fear causes them to abandon discipline.
Diversification still matters. Broad exposure across industries, sectors and asset classes remains one of the most prudent approaches during periods of technological change.
Our job isn't to predict every winner. It's to stay disciplined through change.
Reach out if you want to discuss further.
