Dear followers, dear copiers,
March brought another challenging month for the portfolio, which declined by 3.69%. This unfortunately marks the third consecutive month of negative returns. For a while, it seemed that the trend might reverse — as late as March 26th, the portfolio was still showing positive month-to-date performance. However, the final few days of the month brought renewed weakness, pushing us into negative territory.
That said, such corrections are a natural part of market cycles and can present valuable opportunities. It's also worth noting that our performance was less severe than broader indices — for example, the $NSDQ100 lost over 6% during the same period.
The first wave of weakness came in early March, which I used as an opportunity to open a new position in $ADSK (Autodesk, Inc.) on March 14th. The stock has since risen by over 4%, and I believe there is room for further growth.
I also chose to increase our position in $ADBE (Adobe Systems Inc). While we are currently down around 2% on this recent addition, I remain confident that the position will eventually turn profitable — including the older positions in $ADBE, which are currently at a deeper loss.
One successful move this month was a short-term trade in $TSLA (Tesla Motors, Inc.). I opened the position on March 10th, and just two days later, it was nearly 10% in profit. Given the volatility of $TSLA, I chose to close the trade immediately. Although the stock continued to rise afterward, I have no regrets — the decision was fully aligned with my strategy, and staying disciplined is more important than chasing every possible extra gain.
Another notable development was in $INTC (Intel), which experienced a strong rally of over 10% following the announcement of a new CEO. While the stock has since pulled back, I’ll be watching closely to see whether the new leadership can deliver the turnaround $INTC needs to reclaim its place among top-tier tech firms.
Looking ahead, I’m cautiously optimistic. A modest rebound often follows a correction such as the one that occurred in March, in line with short-term cyclical patterns. However, the market remains highly unpredictable and continues to be shaped by the actions of political leaders and macro events.
Still, my long-term optimism remains intact. To me, investing is about providing capital to capable people building valuable companies, and I continue to believe that the businesses in our portfolio are exactly that — innovative firms creating meaningful value for the world.
Thank you, as always, for your trust and support.
Best regards,
Libor Vasa... Show More
Good summary 🙌🏼 Buying great companies like Adobe at a discount makes perfect sense! ... Show More
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Sat Jan 24 2026 21:45:20 GMT+0000 (Coordinated Universal Time)
