Bloomberg Surveillance · Tuesday, September 1, 2026
David Katz advises investors to adopt a long-term wealth accumulation mindset rather than engaging in speculation, drawing parallels to the high failure rates in gambling and crypto markets. He suggests that many good businesses are currently trading at attractive multiples.
“Know that the stock market is not there for speculation, but for long-term wealth accumulation.”
“If you have that mindset, you can buy things for the longer term.”
“And if you can buy things for the longer term, there are a lot of really good businesses that are selling at 15, 16 times earnings.”