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The Valuation Paradox: Assessing Speculative Risk in the Narrative-Driven Market

Focusing on Financial Rigor

Bill Cara's avatar
Bill Cara
Oct 14, 2025
∙ Paid

Capital allocation has been consolidating into a select few thematic opportunities—primarily Artificial Intelligence, next-generation energy, and advanced computing—creating an artificial divide between stocks judged on narrative momentum versus those measured by tangible business fundamentals.

Today, I’ll address the inherent risks in this market struct…

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