January 2026 Random Ramblings

Andrew Walker returns solo for his January 2026 ramblings and discusses the current market euphoria, responses to his “weird markets” thesis, the allure and danger of stepping outside one’s investing edge, how power laws are often misunderstood, and an evolution in his views on societal vices. From geopolitical risk to sports betting regulation, Andrew digs into ideas that may shape investor mindsets in the months ahead.

[00:00:00] January 2026 intro and disclaimers

[00:01:15] Face-ripping rally and market euphoria

[00:04:54] Greenland, tariffs, and taco trade risk

[00:08:50] Weird markets thesis listener pushback

[00:13:02] Misuse of AI in generating alpha

[00:16:29] Slap-worthy portfolio diversification mistakes

[00:20:28] Misreading power laws in indexes

[00:22:52] Shifting stance on cannabis and gambling

[00:25:42] Tail risk in vices and regulation

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Production and editing by The Podcast Consultant - https://thepodcastconsultant.com/