Portfolio Update (+117%) & Brookfield Q3 Earnings Highlights

Core Insights - The portfolio has achieved a return of 117% since August 29, 2022, significantly outperforming the SPY's 69% return, with a compound annual growth rate (CAGR) of 27% [1] - There is a belief that many AI stocks are currently overhyped and overvalued, despite the ongoing AI boom indicated by unprecedented capital expenditures (CAPEX) from major companies [2] - The market tends to overreact to short-term fluctuations, especially when long-term opportunities are substantial, leading to potential pullbacks in stock prices [3] Portfolio Management - The strategy involved selling a portion of an oversized Amazon position, which was down 5%, to invest in stocks like Nebius and IREN, which had declined by 20% to 30% [4][5] - The approach emphasizes the importance of not claiming certainty in market predictions, acknowledging the unpredictability of future market movements [5][9] - The investment philosophy combines fundamental analysis, intangible analysis, and investor sentiment to identify promising companies for long-term growth [6] Market Outlook - The current market situation shows indexes are only a few percent off their highs, suggesting potential for further downside [9] - The strategy does not focus on timing market bottoms but rather on establishing small positions in overvalued stocks with plans to increase holdings upon pullbacks [9] - Preparedness for a potential portfolio pullback of 10% to 30% is acknowledged, with a commitment to continue investing during market downturns [10] Company Updates - Weekly updates include portfolio transactions, earnings reports, and significant updates from companies in the portfolio or on the watchlist [8] - Recent deep dives into underfollowed small to medium-cap stocks have been conducted, with future analyses planned for ONDAS Holdings [8]