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Back when American Express (AXP) lost nearly half its value over the course of weeks, a young unknown investor put roughly 40% of his capital into AXP stock. Two weeks later, AXP doubled. That investor was Warren Buffett.
His real skill wasn’t simply picking winners. Buffett had a knack for telling the difference between a hurt business and a hurt stock price. More than that, Buffett had the conviction to act on that distinction.
Do you have Warren Buffett’s conviction?
We just wrapped an incredible first half of 2026, with the S&P 500 up around 10% and the Nasdaq up about 12%, built almost entirely on chips, memory, and AI infrastructure names. Then July hit, and the market rotated hard. The leaders of the last six months got sold, the laggards got bought, and financial media started asking whether the AI trade has finally run its course.
