Portfolio Review (Jan 2026)
Opportunities coming up!
December 2025 Markets Review
S&P 500: +0.99%
NASDAQ: +0.37%
January has turned out to be a very volatile month. We’ve had the kidnapping of Venezuela’s President, a precious metals run-up, concerns over the AI bubble and the corresponding capital spending, worries about AI pressuring software companies’ business models, more layoffs and discussions over the Fed chair.
On January 28, the S&P 500 hit an all-time high of 7,002.28, breaking above the 7,000 psychological barrier. While the index has continued grinding higher, some sectors have been notably weak, such as tech and software.
Portfolio Performance (Since Inception)
(Portfolio Inception Date: 27th October 2023)
Portfolio: +180.36%
S&P 500: +67.72% (Outperformance: +112.64%)
NASDAQ: +89.40% (Outperformance: +90.96%)
Portfolio Performance (YTD)
Portfolio: -5.68%
S&P 500: +1.37% (Underperformance: -7.05%)
NASDAQ: +0.97% (Outperformance: -6.65%)
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I post several articles per month, ranging from extensive 50-60 pager deep dives on the most interesting businesses I can find, to shorter articles on valuations, market musings and specific verticals/geographies.
In the past month, I’ve shared these articles with subscribers:
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In the next few segments, I discuss my general thoughts on the market, portfolio companies, performance, portfolio allocation and portfolio changes.