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With his country twang and aw-shucks mannerisms belying a keen intellect, Will Rogers was the lasso-roping star of vaudeville and the Broadway stage.

And there’s a fundamental soundness to the market that belies concerns of a bubble in its AI-powering engine as well.

Companies’ increased need for capital to finance new infrastructure and manufacturing belies the concerns about the health of the private credit market fueled by recent bankruptcies in the automotive sector, Zelter said.

Al-Houthi’s outward demeanor, however, belied a more strategic—and ruthless—streak that led him to link up more closely with backers that could facilitate the group’s rise.

All of which belies the overriding image of inclusion touted by advocacy groups.