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Berkshire Hathaway, for those unfamiliar, is a bit like a particularly well-managed collection of everything. It owns GEICO (insurance, mostly), Benjamin Moore (paint, for those of us who occasionally attempt to brighten our surroundings), See’s Candies (a national obsession, apparently), and the entire BNSF railroad (which, if you’ve ever traveled across America, is a marvel of engineering and, occasionally, exasperating slowness). And then there’s the stock portfolio, a sprawling collection of shares in companies you’ve almost certainly heard of: Apple, American Express, Coca-Cola, Bank of America. It’s a bit like having a very large and diversified biscuit tin, except instead of biscuits, it’s companies. And, crucially, it’s a company that, unlike many others, doesn’t currently pay a dividend. Which, for a dividend hunter like myself, is a bit like finding a library with no books. A curious state of affairs.

Now, last October, this digital doodad hit a peak of over $126,000. A real head-scratcher, that one. But, as with all things that go up on a rocket ship, it came crashing down. A 40% plunge! Investors are cashing out faster than you can say “blockchain,” and frankly, who can blame them? It’s enough to give a macro strategist indigestion.

For in the year ahead, the question is no longer whether a market exists for such capacity – that much is self-evident, a consequence of our own relentless pursuit of novelty and efficiency. Rather, the inquiry now centers upon CoreWeave’s ability to translate these commitments into tangible reality, to erect the digital cathedrals demanded by its clientele, and to do so without straining the very foundations of its financial stability. It is a test not merely of engineering prowess, but of character, of a company’s ability to resist the seductive allure of overreach.

The transition, ostensibly, is from the production of automobiles to the fabrication of synthetic laborers and, eventually, self-navigating passenger modules. The logic, as presented, is not entirely absent of internal consistency, though it unfolds with the peculiar circularity of a bureaucratic directive. One understands, of course, that the present difficulties in vehicle sales – the dwindling figures, the accumulating inventory – are merely temporary inconveniences, precursors to a future where metal and silicon supersede the inefficiencies of flesh and blood. The shareholder, it is implied, must accept this as a matter of… inevitability.

Though both claim a stake in this ‘Artificial Intelligence’ – a phrase uttered with such solemnity as if it were a divine revelation – their roles are, shall we say, distinctly different. To compare them directly is akin to juxtaposing a blacksmith with a poet; both create, but with vastly different materials and intent. However, if pressed to choose a single beneficiary of one’s modest savings, the decision, like a well-aimed thrust, becomes quite clear.

Companies that cough up dividends, see, are usually the ones that aren’t entirely bonkers. They’re profitable, mostly. They’ve survived a few storms, and they’re not about to vanish in a puff of smoke. And, wouldn’t you know it, they tend to do rather better than the chaps who promise the moon and deliver a handful of dust.

But even in a landscape grown dense with ambition, opportunities persist. They are not always obvious, not always heralded. Sometimes, the most fertile ground lies beneath the surface of the familiar. Consider, then, a name already etched into the habits of billions – a company often overlooked in the discourse surrounding the AI revolution, yet poised, I believe, to become a central figure in its unfolding.

This artificial intelligence, if it proves to be as momentous as its proponents claim, will surely rank among the great upheavals since the introduction of the printing press, or perhaps even the harnessing of steam. To empower machines with the capacity for autonomous decision-making is a bold undertaking, fraught with both promise and peril. It is understandable, then, that certain companies have risen to prominence in this new landscape, attracting the capital and attention of investors. Nvidia, with its mastery of the silicon upon which these digital minds are built, and Palantir, with its ambitions to organize and interpret the very fabric of information, have become symbols of this technological revolution. Their ascent, however, warrants a closer scrutiny, a consideration not merely of their impressive gains, but of the subtle warnings embedded within their very success.

Historically, the S&P 500 tends to experience what’s politely called a ‘correction’ during these midterm years. A correction, in market parlance, is a decline of at least 10%. It’s a bit like discovering your spaceship has a minor dent. Annoying, certainly, but not necessarily a prelude to complete disintegration. The potential for volatility in 2026 is, shall we say, amplified by the tariffs imposed by a previous administration. (Tariffs, one might observe, are essentially taxes on the act of trading, which is rather like taxing the air. It works, briefly, until everyone decides to stop breathing.)

To suggest one can ‘profit’ from such a thing feels…precarious. But the market, like an indifferent clerk, demands participation. And so, we present two entities currently navigating this strange new territory, offering a temporary respite from the inherent ambiguity.