![]() ![]() Recent changes to the portfolio Trimmed: SnowflakeĪ few weeks before earnings, I reduced my position as it had grown to over 20% and I was getting uncomfortable with its size. The purpose of this monthly portfolio review is to help you understand my investment philosophy, view my current investments, and facilitate mutual learning. And when I’ve learned them, you can be sure I’ll share my insights with you. Time will always be the ultimate judge, teaching me the most valuable lessons along the way. And when we embrace our mistakes, we accelerate our learning progress toward our goals. During this process, mistakes are bound to happen-but that’s okay because they serve as valuable learnings. The longer we invest, the more we figure out what works best for us. It’s like assembling a puzzle, with various elements such as approach, valuation, investment theses, summaries, opinions, metrics, and more. The world of investing offers countless strategies and paths toward achieving our goals. If they did, there would be a guaranteed formula for instant wealth. I deeply respect those who make quick decisions to cut ties or sell their investments, but that’s just not my style.īut here’s the truth about investing: nobody has all the answers. I may not act as ruthless as some other investors, and I’m uncertain whether that’s advantageous or not. When I recognize a significant opportunity lying ahead, I’m reluctant to make impulsive moves.īy reading and reflecting on management insights and considering the vast opportunities surrounding data and AI, I maintain my confidence in holding onto them, as I believe they will eventually regain momentum. I acknowledge the challenges these businesses currently face-a deceleration in revenue growth and metrics like DBNRR.īut I refuse to lose sight of the bigger picture and the underlying thesis driving these businesses. Instead, I prefer to invest long-term in businesses that have strong, sustainable growth potential, like Snowflake or Cloudflare. I’m still figuring out my investing style and what principles resonate with me the most: I’m neither a trader nor a momentum investor. I give my thoughts the necessary space to connect the dots before rushing into any decisions. However, I’ve learned the importance of taking a step back and looking at the big picture. At times, concerns about my portfolio, the future, and the state of the world weigh heavily on my mind. I want to be open with you: I too am fighting with my own struggles. And just when it seems we are finally overcoming the challenges, new ones arise - such as the recent storms of NET, SNOW, and S. In less than 30 days.Ĭan you believe how quickly things can change?įor almost two years of continuous market pessimism, every passing month delivered a new blow. ![]() Now, my year-to-date returns have gone up by 32% versus last month’s -4%. Lately, I’ve been expressing my optimism about the future so frequently that even I was growing tired of it. ![]()
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