In my view, 2026 will not be a year for passive investing. Simply sitting on ETFs tracking the broader market will be a losing strategy, as I think the large-cap stocks that have driven much of 2025's gains have excessive valuations to burnWith combined experience of covering technology companies on Wall Street and working in Silicon Valley, and serving as an outside adviser to several seed-round startups, Gary Alexander has exposure to many of the themes shaping the industry today. He has been a regular co ...