Formidable Asset Management

Are some of the biggest technology companies reporting stronger earnings than their underlying businesses are actually producing?

Will Brown breaks down how rising valuations of private AI investments can flow through reported earnings. Using a simple example, he explains how a company can see the value of an AI investment rise dramatically and then reflect that gain in its results, even though the money did not come from its core operations.

The accounting may be permissible, but the bigger question for investors is whether those gains should be viewed the same way as traditional operating earnings, especially when the underlying investments may still be illiquid.

Watch the full episode of Tea & Crumpets for more on AI valuations, technology earnings, energy markets, inflation, and the forces shaping today’s investment landscape.

Link to Listen: https://linktr.ee/formidablellc
(Link also in bio)

⛽️ Could gasoline really reach $9 a gallon?

Will Brown and Adam Eagleston look at the unusually wide gap between diesel and crude oil prices and what it could signal for the broader energy market. While $9 gasoline may represent an extreme scenario, the current pricing dynamics point to continued pressure across oil and refined products.

Will also explains why he believes crude prices could ultimately move significantly higher as the market works toward a new equilibrium.

Watch the full episode of Tea & Crumpets for more on energy markets, inflation, interest rates, artificial intelligence, and the forces shaping today’s investment landscape.

🔗 Link to Listen: https://linktr.ee/formidablellc
(Link in Bio too ☝️)



Higher oil prices should encourage more drilling. So why isn’t that happening?

Will Brown and Adam Eagleston explain how extreme volatility in the oil market is making producers reluctant to bring new supply online. If prices collapse after they commit capital to drilling, the losses can be severe.

Add in a Strategic Petroleum Reserve sitting at its lowest level since 1982, and the U.S. has fewer options than it may appear.

Hear the full conversation on the latest episode of Tea & Crumpets.

Link to Listen: https://linktr.ee/formidablellc
(Link also in bio ☝️

The government’s plan has been to grow the economy fast enough to outrun its mounting debt problem. Will and Adam aren’t convinced.

With long-term rates rising, trillions of dollars needing to be refinanced, and continued deficit spending adding pressure, the cost of carrying that debt is becoming harder to ignore—growth alone is simply not enough.

Hear the full conversation on the latest episode of Tea & Crumpets.

🔗 Link to Listen: https://linktr.ee/formidablellc

AI isn’t just changing software. It may force a massive hardware upgrade cycle too.

Will Brown argues that as AI applications become more powerful and data-intensive, today’s devices may struggle to keep up. Add in chip shortages, inflationary tariffs, and trillions of dollars pouring into AI, and the technology boom starts creating an entirely new set of pressures for consumers, companies, and markets.

And somehow, through all of it, the stock market keeps holding up.

Hear the full conversation on the latest episode of Tea & Crumpets.

Link to Listen: https://linktr.ee/formidablellc

(Link in Bio for IG)

How many times can you declare victory before the market stops listening?

Will Brown argues that the Fed and Treasury may be reaching that point. With inflation pressures building, bond yields rising, and markets increasingly questioning the official narrative, confidence could be becoming as important as the underlying economic data.

Sometimes the market eventually stops listening to the story and starts doing the math.

Hear the full conversation on the latest episode of Tea & Crumpets.

Link to Listen: https://linktr.ee/formidablellc (Link in Bio 👆)

🌏 What happens when a new competitor enters the market at scale?

In this clip from Tea & Crumpets, Will Brown and Adam Eagleston discuss how China’s growing semiconductor industry could put pressure on profit margins across the tech sector. As competition increases, they explain why even companies posting strong earnings today may face a very different landscape tomorrow.

It’s a reminder that great businesses don’t operate in a vacuum.

🎧 Link to Listen: https://linktr.ee/formidablellc
(Link in bio)