It is a Stock Picker's Market. Tweets Are Not Financial Advice
Orlando, FL
Joined February 2010
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The Q3 2026 letter is out. DM if you would like a copy.
While the headline index ground out a modest gain this quarter, the reality underneath was a "stealth bear market" marked by 5%+ Treasury yields, $100 oil, and historically poor market breadth.
In the letter, I detail how our opportunistic, multi-asset framework allowed us to navigate this narrow breadth as well as thoughts on two new positions.
Sharpe Ratio
Since July 2022: 1.37
YTD 2026: 1.01
Q2 2026 Investor Letter is out. DM if you would like a copy.
This past quarter felt a lot like running on a treadmill: plenty of activity, but we didn't actually go anywhere. Domestic indices were driven by an extremely narrow focus on AI and semiconductor names, largely at the expense of the rest of the economy.
However, with the Iran conflict moving to the backburner (notwithstanding the recent headlines) and oil prices cooling from their highs, I expect this extreme market concentration to finally break. As market breadth begins to widen, it creates a highly constructive environment for our multi-asset portfolio going forward.
YTD Sharpe Ratio: 1.20; since July 2022 Sharpe: 1.42
Elon: "We just demoed a gravity deying car"
The Market Today: "Thats cute, but look at the free cash flow on companies that sell cars with four wheels on the ground" 😄
$TSLA
By fall 1983, Peter Lynch held 900 stocks at Magellan (later expanding to 1,400).
And I thought holding 40+ positions was pushing it :)
Very good history lesson. Paraphrasing the last line "The nation that control the gold controls the future" ... Trump basically called it 😄
youtu.be/p2UEpSmGWGI?is=TqBL…
Long $CANE
Claudification @agnostoxxx
I JUST GAVE AI $10,000 OF MY REAL MONEY TO INVEST IN THE STOCK MARKET
I told my AI Agent to beat the stock market over the long term and don't get me a huge tax bill doing it
This is what the AI bought for me:
$1,470.88 of Nvidia $NVDA
$1,176.58 of Taiwan Semiconductor $TSM
$1,176.56 of Amazon $AMZN
$1,176.54 of Microsoft $MSFT
$981.36 of Eli Lilly $LLY
$980.64 of Broadcom $AVGO
$783.23 of Google $GOOGL
$30.65 of Google $GOOGL
$24.69 of Visa $V
$24.69 of Eaton $ETN
$24.68 of Intuitive Surgical $ISRG
$2,100 of available cash
I will keep you all updated going forward on how this goes 🫡
A contrarian pick, for AI-like return in real estate. $STWD (Starwood Property Trust) has an asymmetric setup for a possible ~50% total return over the next 12 months
If Treasury yields peaks and then declines back within the next year, then a combination of the current 13.3% div yield + rerating back to above its undepreciated book value ($19/share) results in close to 50% return for this best of breed lender.
True Multi-Cylinder Engine: Unlike pure-play lenders exposed to a single-sector, $STWD operates across commercial lending, infrastructure, and owned real estate.
Built-in Counter-Cyclical Hedge: Its Special Servicing and Investing arm actually benefits when market volatility rises, collecting servicing fees that insulate cash flows when traditional credit tightens.
Office Risk Is Overblown: U.S. office makes up less than 8% of its total asset base, with the balance anchored in residential, industrial, and essential infrastructure.
Unmatched Dividend Track Record: Management has maintained its quarterly dividend for over 17 yrs without a single cut through multiple rate cycles.
Collecting a 13.3% cash yield while waiting for a yield-driven rerating could deliver an equity-like upside with institutional downside protection.
B-A-N-A-N-A-S .... Republic
Trump: "Only I can make this promise to you: If the Republicans win the House and Senate, I will issue a dividend to every adult citizen in the United States of America for $5,000"
Banana Republic
HUNTER BIDEN TO LAUNCH $LAPTOP MEME COIN, SOURCES SAY -- WSJ
HUNTER BIDEN'S $LAPTOP MEME COIN TO LAUNCH SEPT. 9 ON COINBASE-AFFILIATED BLOCKCHAIN, SOURCES SAY -- WSJ
HUNTER BIDEN, FOUNDERS OF $LAPTOP TO HOLD 30% OF 1B TOKENS ISSUED, SOURCES SAY -- WSJ
ANOTHER $LAPTOP ALLOTMENT TO GO TO PEOPLE WHO LOST MONEY ON solana:6p6xgHyF7AeE6TZkSmFsko444wqoP15icUSqi2jfGiPN, AMONG OTHERS, SOURCES SAY -- WSJ
Your 401(k) is going to 8 figures just in time for a Starbucks latte to cost $100 ☕️
🚀
h/t @erik_ywr
Banana Republic
Breaking: Kalshi issued its first-ever lifetime ban to George Santos after the ex-congressman allegedly made bets on his own attendance at a Trump speech on.wsj.com/4qJWDOC
