14 Investment Must Reads for This Week (Aug. 11, 2026)

14 Investment Must Reads for This Week (Aug. 11, 2026)

Tue, August 11, 2026 at 6:47 PM GMT+3 5 min read

• SPCX +9.65%

You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters.

1. Ray Dalio on the AI bubble nearing 1929, 2000 levels and the lesson people always forget: 'Wealth is not the same as money' "His warning arrives just as the market prepares to test his thesis in real time: SpaceX has already gone public in the largest IPO ever, and Anthropic and OpenAI are barreling toward trillion-dollar valuations—precisely the kind of speculative issuance surge that market historians treat as a bubble's clearest warning sign." (Fortune)

2. These 15 Stocks Destroyed the Most Shareholder Value Over the Past Decade "As a group, the value destroyers wiped out an estimated $217.2 billion in shareholder wealth over the past 10 years. That's a big number, but far less than the estimated $27.0 trillion in wealth created by the top 15 stocks on the positive side." (Morningstar)

3. Where to Invest in AI in 2026: A Guide for Advisors "The consensus pick for the biggest underowned AI beneficiary over the next five years: healthcare. Records management, billing, insurance, diagnostics, and AI drug discovery (including DeepMind's protein-folding breakthroughs) all stand to gain." (ETF.com)

4. Grayscale pulls 3 altcoin ETF filings in 190 seconds "Grayscale withdrew Cardano, Hedera and Polkadot ETF registrations through three Form RW filings on Friday." (Crypto.news)

5. Private-Markets ETFs for Ordinary Savers See Big Flows from Institutions "In an ETF launched last year by State Street and Apollo Global Management that combines public and private credit, a single endowment—the Texas Permanent School Fund—accounts for about $740 million of the $834 million the fund has raised, public filings show." (WSJ)

6. How Bond Investors Should Navigate a Volatile Interest Rate Environment "I think income is primary, and now the yields are very attractive in our view, and that's a long-term story that should play out. So I think there's certainly a case for protection, getting paid for protection. But what I would say is fixed-income is not going to protect you in all environments." (Morningstar)

7. OCIOs Grapple with Hurdles to GIPS Adoption "Search consultants are starting to see more requests for proposals from institutions seeking GIPS-compliant OCIOs. But many OCIO providers, even those who follow the standards, Msay that the widening adoption of the standards have posed new challenges." (FundFire)

8. The Investors Whose SpaceX Shares Vanished Before They Could Cash In "Rupireddy said the investment firm eventually told him in an email that it sold the SpaceX shares he was exposed to in 2024, when they were worth around $105 each and before a 5-1 stock split, or when Rupireddy's holding was worth $45,450. But Rupireddy—based on the holdings shown on his investment portal as of May 2026 and on his 2025 tax document—believed he still held the equivalent of 2,500 shares of SpaceX, which at the IPO price he estimated were worth more than $300,000." (WSJ)

9. How Issuers Are Solving the Dual Share Class Puzzle "Sure, the Securities and Exchange Commission greenlit dual share class applications late last year, but the industry is now facing a major obstacle: A lack of back-office capabilities, or the operational legwork behind actually offering an ETF share class of a mutual fund. Transferring clients' mutual fund shares to an ETF share class, and being able to do so quickly and tax-free, is much easier said than done, said Dan Sotiroff, associate director at Morningstar." (The Daily Upside)

10. The IPO Is Just The Beginning Of The Liquidation Journey "The mechanics of that phase, lockups, secondary markets, continuation funds, and the pressure venture firms are under to finally return capital to their own investors, are becoming just as important to understand as the IPOs themselves. Retail investors watching these debuts from the sidelines should care too, because how insiders navigate their own liquidity has a direct bearing on share price stability in the months and years after a company goes public." (Forbes)

11. Private Equity Firms Are Sitting on Nearly 34,000 Unsold Companies. That Pileup Is Getting Worse "It's all a big problem for the private equity world, which—amid higher interest rates and the rise of AI, among other factors—faces the prospect of either holding onto its investments for much longer than planned or selling them in the shorter-term, potentially at a loss. That will rebound for ordinary people, too: pensions often invest their money through PE vehicles, and entrepreneurs across America rely on the promise of a sale to PE as a means of cashing out their company when they're ready to move on." (Inc.)

12. Nontraded BDC Fundraising Falls to Lowest Quarterly Level Since 2020 "Nontraded business development companies registered with the U.S. Securities and Exchange Commission raised $2 billion in the second quarter of 2026, a decline of 82% from the same period in 2025. That marks the weakest quarterly total since the fourth quarter of 2020." (AltsWire)

13. DST Sales Hit Year-to-Date High, Topping $985 Million in July "Delaware statutory trust equity fundraising totaled approximately $5.5 billion through July 2026, a 31% increase from the roughly $4.2 billion raised through the same period in 2025, according to Mountain Dell Consulting." (AltsWire)

14. JP Morgan Preps New Real Assets Interval Fund "The new JPMorgan Real Assets Dedicated Fund will have the manager's $170 billion multi-asset private markets team as its main advisor and $91 billion GCM Grosvenor as a subadvisor, according to the Securities and Exchange Commission filing." (FundFire)