Dear Followers, Dear Copiers,
Unfortunately, January picked up where December left off, with markets continuing to slide. This month’s decline was driven largely by investor anxiety surrounding newly announced AI technologies, which shook confidence particularly in technology and software-focused companies. As a result, the portfolio value fell by 3.65%.
That said, price declines are a normal part of market cycles, and in line with my long-term strategy, I treat such pullbacks as opportunities to build new positions. Thanks to a relatively high share of uninvested capital held in U.S. dollars, I was well-positioned to act.
On January 13th, I opened a position in $ADSK. While the price continued to decline after the entry, I remain confident in the company’s fundamentals. Their software is deeply embedded in critical industrial workflows, and it seems unlikely that the emergence of AI could render them irrelevant anytime soon.
On January 20th, I entered $AAPL (Apple), and this trade has already shown strength — the position is up over 10% as of now, and I may consider closing it soon if the momentum continues.
The next day, on January 21st, I opened a position in $MSFT. While the stock is currently showing a loss, I see Microsoft as well positioned to weather the AI disruption. In addition to its software business, it has multiple strong revenue pillars and a leading role in the AI space itself, which should offer long-term resilience.
Lastly, on January 29th, I initiated a smaller position in $DUOL (Duolingo) — likely the riskiest of the new trades. The company's future will largely depend on whether it can leverage AI to its advantage, or whether it will be outpaced by the very technology it relies on. It’s a classic case of innovation as both a threat and an opportunity — and time will tell which way it goes.
Despite a difficult start to the year, I remain focused on disciplined execution and long-term value. Short-term turbulence is part of investing, and with careful positioning, it often creates the seeds of future growth.
Now that February has begun, it seems the sell-off in the markets is continuing. In my view, this does not signal the bursting of a bubble, but rather a wave of panic selling, fueled in large part by misunderstanding or lack of information among some investors. This kind of reaction is not unusual and is part of how markets behave. Hopefully, we’ll see the situation reverse soon — but even if we don’t, there’s no reason to panic. Corrections are a normal occurrence, and I will continue to respond to them according to my long-term strategy.
Best regards,
Libor Vasa... Show More
Not investment advice. The author may have financial interests in the mentioned instruments.
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