Hottest Stock Markets, AI Myths, Terrorist In The Brain, Epic World Cup, Luxury Lounge Wars

Another TBB post featuring the most eclectic links around the web such as the hottest stock markets, AI myths, terrorist in the brain, this epic World Cup, luxury lounge wars, Mag 7 losing, AI not killing jobs, lifelong runners forced to quit, most stunning beaches, the best photography and Thailand links and of course always all of the most important developments in the crazy world of frequent flyer miles and points at the lower half of the post. And much more. Enjoy the weekend.

 

Blog Mission: To Educate. Entertain. Inspire. In That Order!

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No clickbait. No ads. No algorithms. No sponsors. No AI. No paywalls.

 

This blog started way back in 2012 focusing on my crazy hobby addiction of traveling with frequent flyer miles, hotel and bank points. It has since evolved to curated posts featuring the best web content along with my commentary.

 

BLOG HOUSEKEEPING

This is truly a one man labor of love operation, enjoy it while it lasts.

 

QUOTE OF THE WEEK

 

“When you feel grateful, you become great, and eventually attract great things.” – Plato

 

MUST READ GEMS 

I really like the posts with a bunch of facts and I usually post several of them in my annual Best Of series each December/January. And then I realized the trend may have morphed into doing semi annual Best Of posts. Each fact has the source linked.

Facts From 1H26

Nearly 40% of years have seen a total return for the S&P 500 above 20%.

Norway’s sovereign wealth fund holds, on average, roughly a 1.5% stake in every publicly listed company in the world.

An estimated $17 billion was stolen in crypto scams and fraud in 2025 (1,400% year-over-year growth). AI-enabled scams were 4.5x more profitable than traditional scams.

In 2017, Americans legally bet $4.9 billion on sports. In 2025, it was over $160 billion.

“Google raised just $26M (~$60M in today’s terms) before becoming profitable, while Meta raised about $480M (~$800M today). OpenAI is projected to burn through a staggering $115B before it even hopes to reach free cash flow profitability in 2030.”

The state of Wyoming only has 2 escalators.

Global suicide rates have declined by 29% from 2000 to 2021.

 

PERSONAL FINANCE

Another good history lesson: The Hottest Stock Markets Lead to the Biggest Losses.

…a relative handful of elite stocks, headed by Apple, Nvidia and Microsoft, churned out spectacular returns that accounted for nearly all the profits for investors over the entire century. At the same time, more than 96 percent of the stock market did virtually nothing for investors. The vast majority of stocks couldn’t even match the 3.3 percent average return of one-month Treasury bills — a return you could get month by month over the 100 years through 2025 without taking any appreciable risk.

It turns out that the combined losses of the 10 companies at the bottom of the list accounted for less than 1 percent of all the wealth destruction in the stock market over the century. By comparison, the top 10 companies — including Nvidia, Microsoft, Amazon, Alphabet and other heavyweights — accounted for 29 percent of all wealth creation over 100 years.

Wasn’t it just recently that you could do no wrong if you invested all your money into the Mag 7 stocks? Ok, never do that, always diversify! And, amazingly, just like that we have a complete reversal: The Mag 7 is Losing? as “The S&P 493 is destroying the Mag 7 so far in 2026“.

As of July 4, 2026

 

TECH/SCAMS/CRYPTO

I learned a new word this week: Nomophobia. It is the fear of being without your phone. Which is really becoming the phobia of the 21st century.

This…

 

AI

Interesting takes here: 5 Myths About AI’s Economic Impact, and What the Data Actually Shows.

Myth 1: AI Can Never Be Profitable

Myth 2: AI Is Behind the Productivity Boom

Myth 3: AI Isn’t a Major Contributor to the US GDP Growth

Myth 4: If AI Is a Bubble, Then It Will Have No Durable Economic Impact

Myth 5: If AI Succeeds, Then Workers Are Doomed

Actually, on the #5 myth above, is the tide really turning on this? We can finally say AI isn’t killing jobs. For the sake of our children, let’s hope so.

Key Takeaways:
  • Firms that adopt AI grow headcount 10.2% over the two years following adoption, but these gains are entirely driven by high-intensity adopters. Low-intensity adopters see no statistically significant change.
  • Entry-level headcount grew even faster. At the companies making the largest AI investments, entry-level headcount grew 12% over the two years following adoption.
  • AI adoption and the associated gains are unevenly distributed. AI adopters are already larger, more engineering-intensive, more likely to be venture-backed, and faster-growing than non-adopters. These firms then grow faster upon adoption.

 

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27 Comments

  1. Hey Buzz-

    1. That kitchen-Wow! Did you use a designer? The lights and windows really make it so classy!

    2. What exactly is a high-intensity adopter? Does Anchor make them?

    3. Loved the article on why the game is less fun these days. As we had lunch at the Morgan Library last May. I wondered what ol’ JP would think about Chase lounges today. Opiate of the masses indeed.

  2. What a kitchen! WOW! Looks just great.

    Great links today … The story about the white line on the side of the road
    was truly wonderful.

    Having the world cup here was really neat. I think many eyes were openned.

    1. Yeah, those two stories about the car inventions were truly special.

      Which city are you in again? We had a friends gathering again (everyone loves the new kitchen) and a few watched a soccer game for the first time ever and were excited about it (Argentina game). I mean, how can you not? Also, I think all the visitors got to see our country and I think our hospitality, genuine friendliness and openness came through so it is all good. I just wished we had treated Iran’s team better.

  3. OK, today I decided to just read the new updated version since I get both versions and I will get used to it. I must adapt. It takes me a few days to slowly enjoy all the wonderful links and please always remember that I, and I am sure everyone else, really appreciates the effort you go to in order for us to enjoy your post.

    The kitchen looks great! It’s huge, too! Glad your wife is enjoying her new retired status. It’s been over 18 years for me and I am glad every day I don’t have to go to work!

    Thanks as always! Still trying to dope out my next travels as it seems like every time I start to do so something else crops up, but I press onward.

    1. Do both versions get the old logo at the top?

      Next blog post will link to an article with the title: The Great Blogging Collapse

      Felt that.

      Loving the new kitchen, everyone is 🙂

      Will try to put together the last 4 hotel nights in Bangkok and try to make them all free again. For the fourth year in a row. Maybe claim the $100 Chase Sapphire Preferred credits but one thing that is stopping me is that I may have the limit of my wife’s hotel switching moves lol.

      1. The new version gets the new logo atop, the old one gets the old one. However, for some reason, both versions this week and last week got sent straight to my spam folder. No idea why but lately it has been eating up regular stuff that ain’t spam so I keep trying to train it better!

        I am thinking a short road trip soon to get tuned up on traveling again. Got some FNC’s and hotel points to burn up on stopping spots!

        1. One day this blog will afford a tech person to look after issues like this 🙂

          A standard answer to life’s problems should always be a short trip. Bonus if cash is saved with points and FNCs 🙂

  4. And then there were four left in the World Cup.

    So, Argentina keeps making a mockery of the FIFA officials, WTF! That red card turned the game yesterday. Yes, he faked it but there WAS touch. He could have stopped after taking back the yellow to the Argentina player. But nope…And the first yellow on the same kid only came out after Messi protested. After those shameful calls against Egypt you would think the refs would try to call a game even…but nope. Messi=Money

    At this point I am all for everyone BUT Argentina!

    This is France’s World Cup to lose, two games left.

    England vs Argentina 40 years later. It is time to revenge the hand of God cruelty!

    For the record, I picked England to win the World Cup before it started.

    Down to 4 games left (3rd place game does not count but it is always so much fun without any pressure).

    At this point, conditioning and deepness of the bench is so important.

    1. We set the alarm and got up to watch England vs Norway then stayed on for the Argentina match. Not being all that familiar with the rules we were totally confused as to why that Swiss player got the red card for fouling that dude as we did not think it was likely he would have even know where he was to intentionally commit the contact. We concluded that obviously it was all about keeping Messi in at all costs and are in total agreement, anyone but Argentina will make us happy.

      BTW those last 4 nights in Thailand, I vote for Andaz Pattaya so you can get a taste of why we continue to return as do other loyal followers on FT. When it comes to Hyatt our thoughts are we will not be focusing on loyalty to the Hyatt program but rather on property loyalty going forward, those properties that treat us well will receive our custom. Anyhoo husband clicked over 60 nights this billing cycle so will worry about thinking about what direction we go in 2027 in 6 months time.

      1. No Argentina, amen! 🙂

        Ok, now definitely considering the Andaz Pattaya. Which is more like Jomtien Beach. I am concerned we may get too bored here and not much within walking distance? I guess Grab will work or should we rent a car to explore the area. Wife loves Andaz properties, we do not agree on this by the way lol. Do you think 4 nights may be too much and I guess it is worth blowing a confirmed suite upgrade cert (have several now). Maybe the way to go to start relaxing a bit after so many nights in Bangkok and Saigon (and before heading to Singapore).

        1. 4 nights is definitely not too much but then again we are extremely sloth like when we vacation. We never have a car when we stay there, often we don’t even leave the property as we enjoy the food there so much no need. If we do go off property the concierge hooks us up with a local driver and you go from there. After our first ride we connected with Mr Ball on What’s App and would tell him what time we wanted to be picked up and where we wanted to go then tell him when to come back for us. Definitely use a suite upgrade, go for the garden suite rather than the pool suite. They treat status guests well there, no game playing. We have used upgrades when available and the one time there were no suites available they did upgrade us to a lagoon entrance room which we really liked as well. They have a good spa there for massages and facials. We normally eat breakfast then have a late lunch/early dinner around 4 pm and we are done for food for the day. Then a walk down to the beach and watch sunset. They are trying to introduce little events for Globalists, when we were there it was a cocktail and chat with staff at the tea house one evening.

          1. Decided to go for 2 nights at the Hilton and then unwind the last 2 days at the Andaz with suite upgrade. Got the Garden suite. I must admit the pool suite looked very good. Yeah, late breakfasts are great 🙂 This will gets us into the mode to unwind to continue on to Singapore and the relative’s wedding. It is all coming together nicely, 30 nights free. Probably the last free streak on hotels with points, sad.
            Will look for those Globalist events, wife and daughter absolutely loved the cooking class at the Bangkok Grand Hyatt Erawan.
            Thanks.

  5. I knocked out flights BKK – Saigon and BKK-Singapore yesterday. First time on Vietnam Airlines, looking forward to fly them. And WTF is wrong with the Singapore Airlines website? I really wanted to give them my money to fly to Changi with them but the website kept refusing my credit cards…and I tried at least 3 of them! So phuck them, I went with Thai Airways and saved me $150 cash too. I remember my daughter had issues buying a ticket on Singapore Airlines some time ago, must be a thing…

    So I have 4 hotel nights that are not booked yet. Now thinking to check out Pattaya and Jomtien Beach area of Thailand to continue the annual tradition of being based in Bangkok and checking out another area of the country. I was going to check out Krabi but we will leave it for another time. So, I am thinking 2 nights at the Hilton (about 60,000 Hilton points per night instead of $175 plus taxes/fees) and then 2 nights at the Andaz (only 15,000 points per night with suite upgrade). Hate blowing a Globalist suite upgrade on 2 nights. I considered 1 night at the Hilton and 3 at the Andaz. But leaning towards going 2 and 2. I know, not the greatest area to visit with my wife, we are totally not into the nightlife and bars and that infamous few Red Light Soi streets. But there is an area, Pratumnak Hill, I want to check out for a possible retirement place in case Bangkok gets too much. Or visit to really check off this area for a retirement destination (just like we crossed off Phuket, Hua Hin and Koh Samui in the past 3 years). Nothing against these places, glad we visited but to live there? No way.

    Tomorrow Spain vs France. Wednesday England vs Argentina (40 years later, revenge for the Hand of God injustice to be delivered, we hope).

    1. Received an email from Singapore today about there being an issue paying using saved cards. Didn’t read the whole blurb but said they are working on it. I have found that Thai is cheaper and I find them just as good and if you are travelling business class can use the Singapore lounges at Changi.

      1. I think the airline must have issues with all foreign credit cards. I almost never store credit cards with airlines or hotels. I tried three different credit cars on the SQ website and they were all declined. It never go to the bank! With Thai Airways website I used my Venture X, went to an online verification code thing, entered it, boom, purchase done. SQ needs to get it together.

  6. Busy weekend! I’m coming in late here but I would like to address this point: “never do that, always diversify!” Agreed! But: according to AI–and I think AI is at least in the ballpark here–“The ‘Magnificent Seven’ stocks collectively account for approximately 32.5% to 35% of the total value in a standard market-capitalization-weighted S&P 500 index fund.” Two questions:

    1. Do people investing in a market-weighted S&P 500 fund realize how much Mag 7 concentration they have?
    2. Asking sincerely, not rhetorically: do you think the level above is a good level of concentration, or is this something that ought to be avoided?

    It must be challenging to talk clients through this stuff.

    1. 1. Most people do not realize that. And frankly they don’t care, they just like the number to go up 🙂 My job is to manage expectations and frequently remind them that all bull markets end one day and this means that the number will go down eventually. And trying to time that is pointless as it does not work over the long term…

      2) You are overthinking everything I think. The market will do what the market does. And it means that anything is possible short term. And valuations will fluctuate. Define “good”. As Bill Clinton once wanted us to define what “is” is, lol.

      Need to stick to a process and be disciplined about it. And take the emotions out of it. It is NOT easy! Lately I have been telling clients I do not understand why this market keeps going up but I am sticking to our process and pray harder at night lol.

      I subscribe to the Bogle philosophy in general. Diversify, rebalance in set intervals, make smart tax moves and keep costs very low. And not try to outguess the markets since these are inherently short term markets moves. Which if you do then you have another short term market timing move to do…when to get back in!

      Now if you can not sleep at night then you need to unload some risky stocks from your asset allocation so you can sleep better. This happened to me at the height of the dot com bubble and it worked out great. In retrospect, I probably just got lucky. Am I losing sleep over this AI mania? Well, I try not to think about it and convincing myself and clients that when the eventual end of this bull market comes we all must remember where we were and everything is going to be okay 🙂

      And go France and England!

  7. Hey Buzz,
    Good evening and thanks again for a really great post. Loved the white line story. And I gotta ask the last photo in the post, who are these morons? Get over this shit already, it’s 2026. Oops, I’m probably on a hit list already.
    Mixed feelings about this great World Cup. I have only been watching the elimination games since returning from Italy. Man, some great battles. But Johnny Infantile has to go. I actually feel bad for the players from Argentina. It’s definitely not their fault the games are called this way. Feel bad for all the teams that have been hosed this time, especially the players from Iran, yeah, it’s 2026.
    Looking forward to the drama that will unfold tomorrow and Wednesday. Will the real Spain show up?
    I’ve got lots of questions regarding Thailand, but that will have to wait for another day.
    By the way, if I haven’t mentioned Scilla, Italy in a previous response, I will now. Great town, especially for lovers of swordfish, incredible.
    Kitchen looks amazing by the way, y’all did a great job.
    Thanks again Buzz!

    1. David,

      Thanks again for the 10 coffees. You are first and Carl’s 1 monthly coffee will hit later this month. If it was not for you guys this venture will not be considered a profit seeking Business allowing me to crank out some business card signup bonuses and keep myself busy trying to keep it real and educating/entertaining/inspiring. In spite of the blog world collapsing as our attention spans are being attacked by algorithms. No, do not feel bad about Argentina players. If it was not for the refs they would not be here now. Yeah, get ready for the drama…can’t wait.

      France has been on a tear. All teams have a bad day eventually. Hopefully it does not happen in the last few games left. Yamal has not shown up and maybe he shows up today. If there is one team that can beat France right now it is probably Spain. I never liked Spain’s style of play so I am all with France who I always called the Brazilians of Europe. Well, not sure Brazilians is a compliment these days but you know what I mean.

      But expect the drama to break all records in the England vs Argentina game. The history of these two, wow. 1986 World Cup and Maradona’s Hand of God and then that all time best goal he scored. The 1998 World Cup and the theatrics of that asshole to get Beckham a red card. England’s agony in PKs. Messi never having faced England before (which was actually shocking to me after all these years). I can’t wait and I am all for England. Which is the team I picked to win it all before the WC started.

      I share your feeling about the Infantile dude. FIFA is such a racket, it is so embarrassing and yet so entrenched. If he goes ahead with 64 teams I think I am out. Having watched 100 games (just 4 left) I don’t think I can do more, it is not physically possible.

      Any questions on Thailand, I am becoming an expert.

      Thanks for the feedback on Scilla, maybe Carl hits it in his next trip. I had swordfish before, I love it. But I also love octopus but I hate eating it because of how special creatures they are.

      Going to hit 103 today in Ann Arbor, oh my god!

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