In Episode 78 of Doctor’s Wealth and Wellness, host Norm Wright calmly dissects the burning question on every physician’s mind—“Is this another dot-com bubble?”—acknowledging the striking similarities (top 10 stocks nearing 40% of the S&P 500, frothy AI hype, and stretched valuations) but emphasizing the fundamental difference: unlike 1999–2000, when the largest companies generated only 12% of total earnings on little or no profit, today’s Magnificent Seven and AI leaders produce over 30% of S&P earnings (and growing) with record profitability and real cash flow—not speculation—fueling the build-out, trading at 28–30× forward earnings instead of infinite P/Es. While concentration risk and a potential sharp pullback remain real, a catastrophic 80% crash would require profits to vanish, which current data contradicts. Wright’s clear takeaway for busy doctors: this is not a repeat of 2000, time in the market still crushes timing the market, and the immediate action is to log in this week, check your true top-10 exposure (likely higher than you realize), and rebalance if it’s keeping you up at night—offering a free risk analysis and 30-minute consult at [email protected] for anyone worried about an “AI bubble.” Examples in this episode are hypothetical and not representative of a specific individual.