Baskin Financial Q2 2026 Newsletter

Nothing is more irritating and frustrating for a value investor than to see the price of a stock rise on speculation, optimism, and often, sheer irrationality. Read more here.

Summary During H1 2026, we saw a more or less complete divorce of price from value in the two most important sectors of the stock market - the giant software and technology companies and the emerging companies involved in AI and outer space-related projects. What should a value investor do when the markets are in a frenzy? The apparent attraction of building data centres in space relies on the abundant solar energy available above the Earth’s atmosphere.

PM Images/DigitalVision via Getty Images To Infinity, And Beyond! Nothing is more irritating and frustrating for a value investor than to see the price of a stock rise on speculation, optimism, and often, sheer irrationality.

The prudent purchaser does extensive research, uses time-tested methods