Steve Fernlund and The Long Way Home

My good friend Paul always has wisdom to share with me. Today, he said that in interacting with people, he keeps his opinions about current events to himself. Unless he’s asked a question directly, at which point he doesn’t pull any punches. Writing a weekly column like this, I don’t have the luxury of keeping my thoughts to myself. So, here we go." Predicting the future isn’t a strong suit. If a major league baseball player bats 400 in a season, he’s a star. My prognosticating success average would make me a utility outfielder in the minor leagues.  Old age matters, though, because the more things change, the more they stay the same. “History may not repeat itself, but it echoes.” Over the past half-century, major financial crises have hit close to home and shaken the world. So maybe my opinions are relevant, if overly pessimistic. Recently, I saw that companies that are Artificial Intelligence (AI) driven are responsible for up to 80% of the growth in the S&P 500 over the la...