�𝐢𝐨𝐧 𝐜𝐨𝐧𝐭𝐚𝐢𝐧𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐭𝐰𝐞𝐞𝐭 𝐡𝐚𝐬 𝐛𝐞𝐞𝐧 𝐨𝐛𝐭𝐚𝐢𝐧𝐞𝐝 𝐟𝐫𝐨𝐦 𝐬𝐨𝐮𝐫𝐜𝐞𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞𝐝 𝐭𝐨 𝐛𝐞 𝐫𝐞𝐥𝐢𝐚𝐛𝐥𝐞, 𝐛𝐮𝐭 𝐢𝐬 𝐧𝐨𝐭 𝐠𝐮𝐚𝐫𝐚𝐧𝐭𝐞𝐞𝐝 𝐚𝐬 𝐭𝐨 𝐜𝐨𝐦𝐩𝐥𝐞𝐭𝐞𝐧𝐞𝐬𝐬 𝐨𝐫 𝐚𝐜𝐜𝐮𝐫𝐚𝐜𝐲.
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⁠Investing visuals
Who do you think will perform best in 2025? https://t.co/akcL0PqPLh
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⁠The Kobeissi Letter
Market bearishness is at historic levels:

In the week ending April 9th, 58.9% of individual investors expressed bearish stock market sentiment over the next 6 months in the AAII survey, down from 61.9% in the prior week.

By comparison, the 2022 bear market and the 2008 Financial Crisis peaks were 60.8% and 70.3%, respectively.

AAII Bearish Sentiment has been now above 55.0% for 7 consecutive weeks, in-line with the longest stretch on record set in 1990.

Not even the 2008 Financial Crisis saw such long periods of bearish sentiment.

The market sentiment has rarely been this pessimistic.
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⁠The Kobeissi Letter
BREAKING: Nvidia, $NVDA, announces they will manufacture American-made AI supercomputers in the US for the first time ever.

Within the next 4 years, Nvidia plans to produce up to $500 billion of AI infrastructure in the US. https://t.co/KuS7fCjdlf
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⁠The Kobeissi Letter
BREAKING: Nvidia, $NVDA, CEO Jensen Huang says:

“The engines of the world’s AI infrastructure are being built in the United States for the first time."

“Adding American manufacturing helps us better meet the incredible and growing demand for AI chips and supercomputers, strengthens our supply chain and boosts our resiliency.”

BREAKING: Nvidia, $NVDA, announces they will manufacture American-made AI supercomputers in the US for the first time ever.

Within the next 4 years, Nvidia plans to produce up to $500 billion of AI infrastructure in the US. https://t.co/KuS7fCjdlf - The Kobeissi Letter
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⁠Finding Compounders
Labelling fund managers as "value" or "growth" investors risks distorting the investment process

*The third paragraph should be the reason you focus on small caps https://t.co/I6lOaKTyJk
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⁠Investing visuals
$ASML reports earnings on Wednesday:

🔹Est. Revenue: $7.78 Bln (+47.1%)
🔹Est. Earnings per share: $5.78 (+85.8%) https://t.co/rbTDqFISpg
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⁠Capital Employed
RT @equitybaron: Lots of good ideas in this issue...

45 ‘fresh-off-the-press’ stock pitches we’ve enjoyed reading in the past two weeks 👇

https://t.co/WgaCiGeWh9 https://t.co/GfFNUzsvaL - Capital Employed
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⁠Capital Employed
Q1 2025 Fund Letters Round-Up has just been published.

Many interesting letters to read...

https://t.co/lJZP1lUdTx https://t.co/B8eoLpPpC1
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⁠Dimitry Nakhla | Babylon Capital®
RT @DimitryNakhla: I definitely missed the opportunity to share my thoughts & make strong calls on X & be a guiding hand to many

On the other hand, while some fund managers were having temper tantrums & sharing emotionally-driven posts, I was happy to remain highly focused as a capital allocator & help my investors maintain confidence & accumulate the world’s greatest businesses amid moments of great uncertainty & fear 💪🏽🧘🏽‍♂️

This past weekend, I shared some thoughts with my investors at Babylon Capital® suggesting the current market decline appears to represent a long-term buying opportunity

Part 2: “All Past Declines Look Like an Opportunity, all Future Declines Look Like a Risk” — Morgan Housel

Part 3: “Don’t Trust the Headlines — They Often Mislead & Play on Your Emotions”
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Many investors reached out and we took advantage of Monday morning’s dip

Could prices drop more from those lows?

Of course. But we’re not here to catch the absolute bottom—instead, our focus is on acquiring the world’s best businesses during moments of peak fear and pessimism - Dimitry Nakhla | Babylon Capital®
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