We’re really astounded by everyone in this community. Thank you so very much for all of your support and for such detailed questions.
If you couldn’t make it, here’s the recording for our Inner Circle members.
Again, we went a bit overboard with 90 minutes of discussion, so if your question wasn’t answered, expect a DM with our take.
We’ve left a timetable below in case you want to jump directly to any part of the discussion.
None of the following should be construed as investment advice. Please consult a financial advisor before making any investment decision. You will find a full disclaimer at the end of this post.
Introduction & Disclaimer (00:00 – 02:07)
Context of the quarterly review covering personal, public, and private investments.
Macro Asset Allocation & Portfolio Performance (02:07 – 08:31)
Cash & Yield (~36%): SGOV vs. ICSH duration mechanics, yield roll (~4–5%), generating ~$2k/month.
Equities & ETFs: 19 individual equity positions; ETF buckets in commodities (gold/Bitcoin), broad large-cap (MSCI World, NASDAQ), and regional/opportunistic (China/Hong Kong tech).
YTD Return: ~11%+ total return.
Core Holdings & 3 Operational Themes (08:31 – 46:33)
Theme 1 — Capital Restructuring: CareCloud (Series B preferred redemption), Naked Wines (buybacks & inventory cash unwind), and monday.com (large buybacks offsetting 4-5 years of stock comp).
Theme 2 — Operating Leverage: AEP (Clinton robotic truss line) and Supreme PLC (moat from the UK vaping duty tax stamp).
Theme 3 — Picks & Shovels: TSSI (Dell integration partner, power capacity, 30% fixed vs. variable capacity upside).
Individual Focus Deep Dives:
