AI: Actual Intelligence

When you hear the term "AI", what comes to your mind? Self driving cars and computers that talk to you? Driving directions on your phone? A robot to clean the house? (That is not too far off!)

I think the concept of AI (Artificial Intelligence) is inherently a good one. We all need a little help! The Book of Ecclesiastes 4:9, which states, "Two are better than one, because they have a good reward for their labor". This concept is part of our every day life. As a matter of fact, it is upon this concept I built Econ Wealth Management dating back to 2005. We need help from each other to accomplish great things! With Jake and Brian producing "Top Down Bottom Up" (TDBU) each month and Jake producing "Stock Stories" about Uber (The EWM way to own AI in your portfolio), you can see how a few specialists at our firm can provide some AI - Actual Intelligence - to complement AI!

Our office has followed a number of AI stocks and many have become overvalued in terms of fundamentals. Some are talking about an "AI bubble" in those stock prices. Whether that is true or not remains to be seen. But we do feel there is a bit of excess in stock prices and we are prepared to deal with that as necessary (again, see TDBU by Jake and Brian!)

For those who thought AI was the city that was conquered by Joshua on the Old Testament on a second attempt - bonus points to you! But the AI we like to emphasize in our office relates to "Actual" hands on work from our intelligent team! If you want to speak AI with us - whatever version it may mean to you - contact us at the office! And hang in there as the market in October has often offered us some sort of "Halloween scare"!

Author: Steve Economopoulos

Published: 10/7/2025

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