Investment Presentation September 2026

Our investment team of CFA® Charterholders believes we are navigating the most important investing period since 2000. Major macro variables like sticky inflation and fluctuating interest rates continue to cause market confusion. Compounding this daily portfolio management puzzle are a new Fed Chair, the upcoming mid-term elections, and ongoing geopolitical and trade tensions. While market concentration is near record highs and AI speculation mirrors classic bubble behavior, significant opportunities are emerging right now—well beyond the crowded trades.

The Presentation Includes:

Global Market Update (00:45)

  • Largest 10 stocks make up a record 40% of the S&P 500
  • The average stock and foreign markets are cheaper
  • Inflation is back, and the Fed has started hiking; higher yields help bonds

2026 Midterms & Markets (18:30)

  • One chamber has flipped in 8 of the last 10 midterms
  • Volatility rises before elections and settles after
  • Fundamentals matter more than which party wins

Alternative Investing (30:27)

  • Most alternative investments: high fees, little liquidity, weak results
  • What do the long-term facts say about subsegments like venture capital
  • The Osborne Partners Alternatives Asset Class: 100% liquid, close to zero added fees, different returns

AI: Facts, Fiction & Future (44:22)

  • AI is here to stay, but high expectations raise the risk
  • Why we reduced AI exposure in May and June
  • Unloved areas trade at deep discounts

Speculation, Bubbles and Blowups (1:00:25)

  • 11+ bubbles since 2000, with declines of 57% to 96%
  • The AI buildout shows all six signs of a bubble

Risk: Nothing is more important (01:14:23)

  • Risk 25 cents to make a dollar
  • What are the less obvious risks today?
  • Starting valuations drive future returns

Feel free to submit questions to your Wealth Counselor or via clients@osbornepartners.com