Wrapped up 2025 with a 45% return, a few closing days that dragged our gains of 50% down few points. All in all still a very satisfactory year and here are some takeaways. A lot of my gains were actually from positions that I had started in either 2023 or 2024, just goes to show that retail investors have to operate on an informational and risk asymmetry that is quite unfavorable in order for us to capture outsized gains; but the returns ultimately make it worth it. I've also adapted a more diversified portfolio heading into 2026, by having a cap on single stock holdings and increasing cash buffers that will grant me more maneuverability. I'm now placing the burden of convexity on smaller positions while allocating the role of 'moderate returns' to my larger positions. This year I'm feeling inspired by the work of Jim Simons, and while I won't be able to operate at the level required on a professional quantitative firm; I can still take away some ideas and investment philosophy to tweak my own investment thesis. Here's to more returns and more fun in 2026! ... Show More
Not investment advice. The author may have financial interests in the mentioned instruments.
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Thu May 14 2026 20:20:49 GMT+0000 (Coordinated Universal Time)
