Here’s a good jumping-off point for building a portfolio.

Last year, I expressed bullishness on small-cap stocks, particularly small-cap value.

Contrary to popular belief, black swans don’t have to be bad. They can also be good. Most people think of panics and crashes when they think of black swans, but really a black swan refers to any improbable event that could not be foreseen. The Nasdaq up 13 days in a row? I’d call that a highly improbable event.

Stocks went down about 9%, and now they are back up to the highs in the span of about two weeks. No fun for me. But I think we learned something interesting from this scenario…

On September 8, 2026, my seventh book, The Awesome Portfolio, will be published by Harriman House. Yes, my seventh book.

I am the caboose. I am the last person to learn about trends in tech. Therefore, I am a terrible tech investor. It is true!