Investing Stakes: The AI sell off has wiped out Ed's gains

AI stocks retreated through July, and Ed’s portfolio went with them. Chris Tuite's didn't. So does Ed scrap his strategy and copy Chris T’s?That question sits at the centre of this month's Investing Stakes, in partnership with Stratiphy. If you want to explore Stratiphy or build your own rules-based portfolio, you can use our referral link:🔗 https://www.stratiphy.io/referrals?code=INVESTINGSTAKESDisclosure: This is a referral link. We may receive a benefit if you sign up using it.Ed’s tech-heavy Black Elephant strategy peaked in June and has handed back a chunk of it since, with Corning alone falling close to half its value and accounting for roughly half the decline. Chris kept out of the direct AI names and has carried on climbing. He is now behind every strategy and benchmark we track.Chris Ling, Chief Investment Officer at Stratiphy, walks through why AI stocks pulled back, why the drawdown stayed concentrated in that corner of the market, and what happens to your returns when you abandon a strategy mid-run to chase whoever led last month. We put six months of our own numbers into a matrix and follow what would have happened to an investor who switched into the winner every time. The answer is not flattering.We also cover the difference between our two quantitative models, why a faster-trading strategy is not the same thing as a more volatile one, and the case for doing nothing when the market goes against you.Chapters and full data tables are on the Substack, where we publish the monthly performance figures in more detail.👉 Stratiphy: https://www.stratiphy.io/referrals?code=INVESTINGSTAKES 👉 Substack: https://mouthymoney.substack.com👉 Subscribe for a new episode every monthYour capital is at risk. Past performance does not guarantee future returns. Nothing here is personal financial advice.