Stocks performed well and the T-bill yield stayed high as Fed rate cuts are delayed. The first half of the year has gone by in the blink of an eye. The theme that investors were focused on in the past few months was artificial intelligence (AI), which propelled stocks like Nvidia to record highs. Coincidentally, one of the lessons I learnt in the first half of the year came from Nvidia's CEO Jensen Huang. At a recent commencement speech at Caltech, he shared an encounter at the Silver Temple in Kyoto where he observed a gardener painstakingly tending to the moss with a bamboo tweezer. Puzzled, Huang walked up to him to ask what he was doing, in which the gardener replied "I’m picking dead moss. I’m taking care of my garden." Huang then asked further, "But your garden is so big." The gardener responded, "I have cared for my garden for 25 years. I have plenty of time.”...