In this episode, Robert looks at why bold predictions about new technology so often age poorly and explains how today’s debates around AI adoption echo the early days of past revolutions. He breaks down the industries already seeing real productivity gains from applied AI, the companies quietly rewriting their cost structures, and why these early adopters may define one of the biggest investment themes of 2026. Robert also shares what he is watching in small caps as market leadership shifts, and why signs of a potential bottom are starting to build beneath the surface. Plus, a listener question on timing new entries and preparing for the next rotation.