Artificial intelligence is the next great wave in a pattern of investment cycles that investors have seen before.

Each generation of investors believes its newest technology is the one that breaks the mold. Most have been wrong. The reality is that the companies in the headlines continually change while the underlying patterns that drive investment decisions remain remarkably consistent.

In Investing in the Second Wave, CJ Brott walks you through the speculative waves that built modern America- from the Dutch tulip mania and railroads to the internet. He argues that today's AI build-out most closely parallels the transformation that electrified the country a hundred years ago. From this observable pattern comes a way to read where markets are now, what tends to happen next, and how to invest in the coming change without confusing excitement for certainty.

Drawing on fifty years of experience running his own firms- with thirty-five of them spent teaching investment principles at Southern Methodist University- Brott has seen these cycles play out in the real world, not just on paper. Among the many lessons in this book, you'll also find guidance from Andrew Kerai, CFA, on how to construct an AI portfolio that aligns with your goals.

Whether you're positioning a portfolio for the next decade or trying to understand the current status of the market, Investing in the Second Wave gives you the framework.