Roberto Chamorro gilaberte @robchamow: "📝 What we’ve seen in..."

Spain

📝 What we’ve seen in the market over the past two weeks is a lesson every investor should internalize. At the portfolio level, we went from -14% 🔴 in 2026 to being almost back to green 🟢. I said it multiple times: this was not the moment to panic. We’ve seen this before. During the drawdown: • I added capital 4 times • All publicly communicated • With one clear idea: this was a moment to buy, not to wait The portfolio was and still is in a very strong position in terms of future potential. Cash is not for comfort. It’s for execution. By the end of March, the S&P 500 was down nearly 10% from its highs. A proper correction. Negative headlines everywhere: • Iran conflict • Oil prices spiking • Strait of Hormuz tensions • “Extreme fear” sentiment The perfect environment for doubt. And yet… On April 15th, the index reached a new all-time high at 7,022.95. In just two weeks: • 10 positive sessions out of 11 • +10% from the lows • A sharp V-shaped recovery During that period, I was able to: • Buy top-quality businesses at a discount • Increase positions in companies like Amazon, Microsoft, Meta, Google, Visa, and Nvidia • Strengthen a long-term focused portfolio Many investors stayed in cash waiting for “clarity”. Now they will buy higher. Because cash is not a strategy. It’s a tool. Returns are not made by timing the bottom. They are made by having: • a clear list of high-quality businesses • a defined plan • and the ability to execute when uncertainty is highest When markets drop 10–15%, great businesses don’t lose quality. Only their price changes. And that’s where opportunity lies. Very happy with the investors who stayed disciplined, trusted the process, and even added capital. From current levels, I still see strong upside in the portfolio. Annualized returns around +25%, with a dynamic, adaptive portfolio focused on quality. This is not investment advice. Do your own research. Roberto Chamorro $AMZN (Amazon.com Inc) $META (Meta Platforms Inc) $NVDA (NVIDIA Corporation) $MSFT (Microsoft) $UBER (Uber Technologies Inc.)

Not investment advice. The author may have financial interests in the mentioned instruments.