By Mark LaMonica, CFA
Publication Date: 2026-05-22 12:00:00
Conventional wisdom is a byproduct of groupthink that presents solutions that are good enough for the average person, but at the same time are not right for any individual. You follow it at your own risk. Every Monday, I’ll challenge the investing norms that may be holding you back from living the life you want.
Unconventional Wisdom: Is AI Mania Testing Your Discipline?
“The two most powerful warriors are patience and time.”
— Leo Tolstoy
Moderating a panel discussion, I asked Morningstar portfolio manager Bryce Anderson if we were in an AI bubble. He replied that the tern’s “bubble” was not helpful.
Bryce is right, of course. Calling something a bubble doesn’t help me achieve my goals. I need to invest to get what I want out of life, and I use a blunt term like “bubble” in securities to describe the nuances of the stock market. There are always options.
But something is happening in the stock market that doesn’t feel right. And that makes me stop and think. It introduces…
