The Many Signs of Madness in Markets

Published on September 14, 2026

Market madness has never been hard to diagnose. It’s almost two centuries since Charles Mackay published Extraordinary Popular Delusions and the Madness of Crowds. Benjamin Graham pioneered value investing in the 1930s by inviting everyone to think of “Mr. Market” as a manic-depressive who makes mistakes that can be exploited.

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US AI Boom Needs $110 Billion of New Power Plants, Moody’s Says

September 14, 2026
America’s data center boom will need $110 billion to build 45 gigawatts of new power generation through 2030, according to an analysis by Moody’s Ratings.

Under the Hood: Why Value ETFs Are Not Created Equal

September 14, 2026
Many market participants have highlighted how value investing is back as the equity market rally broadened out beyond high-flying growth names. However, taking an index-based approach to the value style requires looking under the hood. Not all value ETFs are created equally.