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It’s a diversified fund, which, let’s be real, is investor-speak for ‘we’re spreading the risk so we don’t look completely incompetent if something goes south’. It holds the usual suspects: Samsung, Alphabet, AMD, Taiwan Semiconductor… the big players. You know, the ones that probably fund entire countries. And, thankfully, it wasn’t a complete disaster zone. It ended the year up 32%, according to those people who track these things. It moved with the Nasdaq, mostly, but managed to stay ahead. Which, in my book, is a win. A small, slightly grubby win, but a win nonetheless.

The rumblings from the rule-makers are rather interesting. In the States, they’re preparing for a proper squabble in January 2026, trying to decide just how to handle these digital whatsits. And over in Europe, Coinbase is jumping through hoops, filling out forms and promising to be a good little crypto-citizen. All very sensible, though one suspects a bit of fuss and bother. It’s a bit like trying to herd particularly slippery eels, isn’t it?

In recent months, attention has shifted to quantum computing, with certain developers experiencing disproportionate investor interest. While companies such as Rigetti Computing and IonQ have garnered speculative attention, D-Wave Quantum has demonstrated the most substantial share price appreciation. A 211% increase in 2025, outperforming established indices and large-cap equities, warrants a more rigorous assessment.

Sandisk, a name that suggests both desert expanses and the granular nature of data itself, soared by a staggering 559%, claiming the dubious honor of being the index’s most exuberant performer. Western Digital, a purveyor of spinning platters and magnetic ghosts, managed a respectable, if less flamboyant, 282%. Seagate, chroniclers of personal digital detritus, climbed 219%, while Micron, architects of the fleeting memory palaces we call DRAM, ascended 239%. These were not increments, dear reader, but leaps—the sort that make actuaries twitch and portfolio managers dream of early retirement.

Ferrari’s operating margins consistently exceed those of its peers, a phenomenon attributable not merely to brand prestige, but to deliberate supply management. The company actively restricts production, maintaining an imbalance between demand and available units. This strategy, while seemingly counterintuitive, reinforces exclusivity and mitigates the need for price discounting—a common affliction within the broader automotive landscape. The introduction of technologically advanced features, often originating from Formula 1 development, further justifies premium pricing. This is not simply a matter of marketing; it is a function of demonstrable product differentiation.

Stephen J. Altemus, the CEO, recently offloaded a little over 12,000 shares. Not a fortune, about $250,000, but enough to make me wonder if he needed a new roof. Or maybe he’s just really into Beanie Babies again. The SEC filing, naturally, is a joyless document, filled with numbers that blur together after a while. They tell you he still has over 13.8 million shares, which, frankly, feels excessive. I have trouble keeping track of my library card.

The pronouncements from Nvidia – a projected $500 billion in Blackwell and Rubin orders – are… audacious. One almost suspects a touch of hubris. Yet, the orders continue to pour in, a relentless tide of demand. It is as if the world, in its insatiable hunger for artificial intelligence, has willingly surrendered its reason. The unveiling of the Rubin chips – a GPU, a CPU, a network of connectivity – is not simply a technological advancement, but a further entrenchment of Nvidia’s dominion. Analysts, predictably, are revising their estimates upwards. A mere six months ago, a certain level of expectation prevailed. Now? Now, a fevered anticipation grips the financial community. The Rubin windfall, they say, will begin to manifest in the latter half of 2027. But what of the souls caught in the gears of such accelerated progress?

Both funds, you see, are predicated on the charmingly optimistic notion that size does not always equate to success. They aim to capture the dynamism of those companies too modest to grace the halls of the large-cap aristocracy. A sensible ambition, perhaps, if one is willing to accept a degree of volatility that would make a lesser investor weep into their sherry.