Markets, AI, and What You Can Actually Control | AWM Insights #246

Key takeaways

• AI disruption is real, but overblown — history shows major innovation creates more value than it destroys, and efficiency gains are already boosting corporate margins.

• Private markets are where the real wealth is being built — companies like SpaceX and OpenAI created historic value before ever going public. If you're not investing there, you're watching from the sidelines.

• Volatility isn't the enemy — emotional reactions are. A solid plan isn't just built to survive uncertain times; it's built to take advantage of them.

AI is either saving the world or stealing your job, depending on who you ask. Geopolitical tensions are simmering. SpaceX is quietly filing for a trillion-dollar IPO. It's a lot.

Justin Dyer, CIO at AWM Capital, and Portfolio Manager Mena Hanna recently unpacked it all — and their conclusion was clear: amid the noise, the plan stays the same.

AI

The doomsday narrative is overblown. When innovation disrupts, it also creates. The real story is efficiency — when a portfolio company cuts customer service costs by 60% using AI, it becomes more valuable overnight. Multiply that across thousands of companies and you see why S&P margins are already expanding.

Private Markets

Most of the wealth being generated right now isn't in public stocks. OpenAI at $850B, SpaceX at $1T+ — all built in private markets. Investors without private market access are missing one of the most significant wealth-creation cycles in modern history.

Volatility

It's not going away. But for disciplined investors with dry powder and a clear framework, it's an opportunity, not a threat. The real danger is letting the news cycle drive emotional decision-making.

The plan was built for exactly this environment. Trust the process.

Own your wealth. Make an impact. Always be a pro.

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