January 2026 Random Ramblings

Andrew Walker's January 2026 monthly ramblings cover market conditions, responses to his "weird markets" theory, and a shift in his perspective on vices. He expresses caution about the current state of the markets, noting a "face ripping rally" driven by low-quality stocks and geopolitical risks, particularly regarding potential actions in Greenland. Walker defends his "weird markets" thesis, arguing that generating alpha requires unconventional approaches due to increasing market competitiveness and AI advancements. He also critiques the idea that individual investors can easily use AI to gain an edge. Finally, Walker discusses his evolving views on vices like cannabis and online gambling, questioning their societal impact and the potential need for government regulation, highlighting tail risks for investments in these areas.