I am not a bear by any stretch of the imagination. In fact, my 2026 Market Outlook was the second most bullish among Seeking Alpha analysts and hinged on the idea we are entering anDecoding markets beyond P/E. As an investor, I either put my money into low cost funds or in single stocks that (I think) are asymmetric bets. My portfolio is roughly 50/50 between the two. I like to write about Macro and Fundamentals, with the (painful) awareness that Momentum and Sentiment are what really matters. That’s why I ...

Before the invention of modern refrigeration, natural ice harvesting was one of the world's most significant industries. Ice cut from frozen lakes preserved perishable goods in growing urban centers. It also had medical applications, such as treating high fevers. The arrival of artificial ice productionDecoding markets beyond P/E. As an investor, I either put my money into low cost funds or in single stocks that (I think) are asymmetric bets. My portfolio is roughly 50/50 between the two. I like to write ab ...

Group 1 - The article discusses the importance of understanding market dynamics beyond traditional metrics like P/E ratios, emphasizing the significance of demand and supply in stock valuation [1] - It highlights the author's investment strategy, which is a balanced portfolio of low-cost funds and individual stocks, with a long-term holding perspective of at least 10 years [1] - The author stresses the need to predict human behavior and market sentiment, indicating that these factors often drive stock performance more than fundamental numbers [1] Group 2 - The author is based in Geneva, Switzerland, and holds a Master's Degree in Business, which adds credibility to the insights shared [1] - The article reflects a personal investment philosophy that values ingenuity and curiosity, suggesting that successful investing may require going against prevailing market trends [1]

Core Viewpoint - The article expresses skepticism towards Bitcoin treasury companies and other crypto treasury companies, emphasizing a preference for low-cost funds and single stocks that represent asymmetric bets [1]. Group 1: Investment Philosophy - The investment strategy is balanced between low-cost funds and individual stocks, with a portfolio split of approximately 50/50 [1]. - The focus is on macroeconomic factors and fundamentals, while acknowledging the importance of momentum and sentiment in the market [1]. - The author does not rely solely on P/E ratios to determine stock purchases, instead viewing markets as a meeting point of demand and supply [1]. Group 2: Market Understanding - Understanding human behavior is deemed crucial for predicting market movements beyond numerical data [1]. - The approach to investment requires creativity, curiosity, and a willingness to sometimes go against prevailing trends [1]. - The author is based in Geneva, Switzerland, and holds a Master's Degree in Business, which informs their analytical perspective [1].

Core Insights - The primary account has achieved a 29% return in 2025, outperforming the Nasdaq-100, while other accounts have closely tracked the S&P 500 [1] - The investment strategy involves a balanced portfolio of low-cost funds and single stocks, with a focus on long-term holding of at least 10 years [1] - The analysis emphasizes understanding market dynamics beyond traditional metrics like P/E ratios, focusing on demand and supply interactions and predicting human behavior [1] Investment Strategy - The portfolio is approximately 50% in low-cost funds and 50% in individual stocks, reflecting a diversified investment approach [1] - The investor prioritizes macroeconomic factors and fundamentals, while acknowledging the importance of momentum and sentiment in market movements [1] - The approach requires creativity, curiosity, and a willingness to sometimes go against prevailing market trends [1] Market Perspective - The market is viewed as a meeting point of demand and supply, with a forward-looking nature that requires deeper analysis beyond numerical data [1] - Understanding sectors, industries, and long-term growth trends is crucial for making informed investment decisions [1] - The investor is based in Geneva, Switzerland, and holds a Master's Degree in Business, indicating a strong educational background in finance [1]

Core Viewpoint - The article emphasizes the importance of understanding market dynamics beyond traditional metrics like P/E ratios, focusing on demand and supply as the true drivers of stock prices [1] Group 1: Investment Strategy - The investment strategy is split between low-cost funds and individual stocks, with a balanced portfolio of approximately 50% in each [1] - The approach to investing is long-term, with a minimum holding period of 10 years for stocks [1] Group 2: Market Understanding - The market is described as forward-looking, but many investors fail to grasp the implications of this perspective [1] - The focus is on predicting human behavior and understanding market sentiment, which are crucial for making informed investment decisions [1] Group 3: Analytical Approach - The analysis goes beyond numerical data, requiring an understanding of sectors, industries, and long-term growth trends [1] - The approach to investment analysis is characterized by ingenuity, curiosity, and a willingness to go against prevailing trends [1]

Group 1 - The article emphasizes the importance of understanding market dynamics beyond traditional metrics like P/E ratios, focusing on demand and supply as the core of market behavior [1] - The author expresses a bullish outlook on specific companies including AMD, PLTR, TSLA, and broad US equities, as well as Bitcoin, indicating a positive sentiment towards these investments [1] - The approach to investing is characterized by a long-term perspective, with a willingness to hold stocks for at least 10 years, highlighting the significance of macroeconomic and fundamental analysis [1] Group 2 - The article suggests that predicting human behavior is crucial for understanding market movements, indicating that sentiment and momentum play a significant role in investment decisions [1] - The author advocates for a comprehensive understanding of sectors, industries, and long-term growth trends, which requires creativity and a willingness to challenge conventional thinking [1] - The content also mentions the author's background, including a Master's Degree in Business and active engagement in sharing investment insights on social media platforms [1]

Core Insights - The article emphasizes the importance of understanding market dynamics beyond traditional metrics like P/E ratios, focusing on demand and supply as the core of market behavior [1] - The author expresses a bullish outlook on specific companies and sectors, including AMD, PLTR, TSLA, broad US equities, and Bitcoin, indicating a preference for long-term investments [1] Investment Philosophy - The investment strategy is split between low-cost funds and individual stocks, with a balanced portfolio approach [1] - The author highlights the significance of macroeconomic factors and fundamentals while acknowledging the influence of momentum and sentiment in market movements [1] - A long-term holding period of at least 10 years is preferred for stock investments, reflecting a commitment to fundamental analysis [1] Market Understanding - The article suggests that predicting human behavior is crucial for understanding market trends, which requires a deep analysis of sectors, industries, and long-term growth trajectories [1] - The approach to investing is characterized by creativity, curiosity, and a willingness to diverge from mainstream market trends [1]

Core Viewpoint - The company Hims & Hers Health, Inc. is perceived as undervalued by the market, which has led to a bullish outlook on its stock performance [1]. Group 1: Investment Strategy - The investment strategy involves a balanced portfolio of low-cost funds and individual stocks, with a focus on long-term holding of at least 10 years [1]. - The analyst emphasizes the importance of understanding market behavior beyond numerical valuations, viewing the market as a meeting point of demand and supply [1]. Group 2: Current Position and Performance - The analyst holds a position in Hims valued at approximately $10,000, having previously realized a gain of over 50% on the original investment [3]. - The intention is to maintain the remaining position for the long term, with potential additions during market weaknesses [3].

Core Insights - The investment strategy focuses on a balanced portfolio of low-cost funds and single stocks, with an emphasis on long-term holding and understanding market dynamics beyond just numerical metrics [1]. Group 1: Investment Philosophy - The company adopts a 50/50 portfolio strategy between low-cost funds and asymmetric single stock bets, indicating a diversified approach to investment [1]. - The investment philosophy emphasizes the importance of understanding market demand and supply, rather than solely relying on traditional metrics like P/E ratios [1]. - The approach requires creativity, curiosity, and a willingness to go against prevailing market trends [1]. Group 2: Current Positions - The company holds a bullish outlook on specific stocks including AMD, PLTR, TSLA, broad US equities, and Bitcoin, suggesting confidence in these assets' future performance [1]. - The company has acquired approximately 500 shares of AMD in the last three months and plans to maintain this position for the foreseeable future, with potential for additional purchases based on upcoming earnings results [3].