X feels noisier than ever. Many investors are deeply confused. Some of the biggest permabulls are suddenly going heavy into the Mag7, while many of the bears I talk to are now adding hypergrowth AI names. Feels like the world is upside down. To be honest if I listen to the reasoning it feels less like intentional, thoughtful diversification or risk management and more like people giving up on having an opinion. I sense that many people are simply exhausted from keeping up with a constantly changing narrative and volatility over the last two years, from trade wars to real wars to financing concerns. I feel this exhaustion strongly myself. I can't go on vacation for a week, or often even relax for a weekend, without waking up to a new policy or macro event that then gets amplified by the media news cycle as if it's the end of the world. But I think it's time people look at facts & data again. The visual below is the Nasdaq over the last 10 years. 2016 — Brexit 2018 — U.S.-China Trade War 2020 — COVID-19 Global Lockdowns 2022 — Russia Invades Ukraine 2022 — 40-Year-High Inflation + Aggressive Fed Hikes 2023 — SVB Collapse / Banking Crisis 2024 — Yen Carry Trade Unwind 2025 — DeepSeek AI Shock 2025 — “Liberation Day” Tariffs / Global Trade War Panic Result: QQQ is up about +545% since the start of 2016. The reality is that most of the time, the market just shrugs it off. Most "bad news" are completely meaningless in the face of massive economic growth that happens more silently but consistently, every single day across the global economy. The 2022 "crash" felt horrible at the time, especially if you worked at an early-stage startup that needed funding. But even that now looks like a tiny hiccup. What you really need to internalize is this: The market is designed to go up. Economic growth + inflation structurally push stock prices higher over time. And you're turning bearish now, at the dawn of AGI? After reading all of this, here's an old Chinese wisdom I want to bestow upon you: If you have a big shlong, you gotta stay long. And if you have tits, buy the dips.