Portfolio Update July 2026: Pricing a World Without Hormuz
Dear All,
Last month I wrote that a ~40% oil crash on a signed-but-not-yet-physical deal looked early. Three weeks later the deal is dead.
📈 𝗠𝗮𝗿𝗸𝗲𝘁 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀
The Deal That Wasn't
Tankers were fired on near the Strait... Vis flere Oversett
𝙋𝙤𝙧𝙩𝙛𝙤𝙡𝙞𝙤 𝙐𝙥𝙙𝙖𝙩𝙚 – 𝙅𝙪𝙣𝙚 𝟮𝟬𝟮𝟲: 𝘼 𝙍𝙤𝙩𝙖𝙩𝙞𝙤𝙣 𝙄𝙣𝙩𝙤 𝙍𝙚𝙖𝙡 𝘼𝙨𝙨𝙚𝙩𝙨? 𝘾𝙝𝙞𝙣𝙖, 𝙊𝙞𝙡 & 𝘼𝙄
Dear All,
A hard month—emerging markets and energy, my two biggest bets, both fell at once. Here’s why, and what I changed.
📈 𝙈𝙖𝙧𝙠𝙚𝙩 𝙃𝙞𝙜𝙝𝙡𝙞𝙜𝙝𝙩𝙨
𝗧𝗵𝗲... Vis flere Oversett
$GRPN (Groupon Inc) 𝗕𝗲𝘀𝘁 𝗗𝗲𝗮𝗹 𝗶𝗻 𝘁𝗵𝗲 𝗨𝗦 𝗦𝘁𝗼𝗰𝗸 𝗠𝗮𝗿𝗸𝗲𝘁 𝗥𝗶𝗴𝗵𝘁 𝗡𝗼𝘄?
Groupon is my biggest position — about 𝟲% 𝗼𝗳 𝘁𝗵𝗲 𝗯𝗼𝗼𝗸, and I'd happily own more. I think it's the most undervalued name in the US market today.
𝗧𝗵𝗲 𝘀𝗲𝘁𝘂𝗽
The market's pricing... Vis flere Oversett
𝙋𝙤𝙧𝙩𝙛𝙤𝙡𝙞𝙤 𝙐𝙥𝙙𝙖𝙩𝙚 – April 2026: All-Time Highs, Zero Resolution
Dear All,
April delivered one of the most powerful rallies in recent memory—and I remain skeptical. Here's why I'm staying cautious while everyone else celebrates.
📈 𝙈𝙖𝙧𝙠𝙚𝙩 𝙃𝙞𝙜𝙝𝙡𝙞𝙜𝙝𝙩𝙨
The Disconnect
The... Vis flere Oversett
Off course you are going to see QQQ and $SPY (State Street SPDR S&P 500 ETF) going to close at daily lows over the weekend . Which professional investor is willing to take risk knowing the US administration usually make moves when markets are closed? I think a territorial invasion on Iran is possible... Vis flere Oversett
𝙋𝙤𝙧𝙩𝙛𝙤𝙡𝙞𝙤 𝙐𝙥𝙙𝙖𝙩𝙚 – March 2026: War Edition
Dear All,
This month, I'm taking a different approach. Rather than the usual performance review, I want to focus on how we're positioned for the ongoing conflict between Iran, the USA, and Israel—and what it means for the portfolio.
📈... Vis flere Oversett
𝙋𝙤𝙧𝙩𝙛𝙤𝙡𝙞𝙤 𝙐𝙥𝙙𝙖𝙩𝙚 – 𝙁𝙚𝙗𝙧𝙪𝙖𝙧𝙮 𝟮𝟬𝟮𝟲: 𝙎𝙝𝙤𝙧𝙩-𝙏𝙚𝙧𝙢 𝙋𝙖𝙞𝙣, 𝙇𝙤𝙣𝙜-𝙏𝙚𝙧𝙢 𝙂𝙖𝙞𝙣
📈 𝙈𝙖𝙧𝙠𝙚𝙩 𝙃𝙞𝙜𝙝𝙡𝙞𝙜𝙝𝙩𝙨
February was volatile, especially across tech. The software space saw a sharp repricing, dragging down the Nasdaq Composite and broader growth indices.... Vis flere Oversett
Can we all agreed how shameful is it the market is celebrating that a tech company just fired 40% of its work force (and we are talking about top tech engineers in the field) ?... Vis flere Oversett
Ikke investeringsrådgivning. Forfatteren kan ha finansielle interesser i de nevnte instrumentene.
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Sun Aug 09 2026 10:13:51 GMT+0000 (Coordinated Universal Time)