9 Comments
User's avatar
Wolfgang Tsoutsouris's avatar

That's pretty badass. Big lesson in patience and waiting for the fat pitch.

麦田Rye's avatar

By the way, I think there was only one trade this year that was relatively problematic: staying short gold for too long. For a short position, holding it for such a long period is, in my view, not appropriate. I was also shorting gold during that time, but I was doing it through repeated swing trades. Even so, I didn’t make money there either.

Ravi's avatar

And may there be no mean reversion of PB returns this New year or ever !

Austin Rogers's avatar

The peer-peer lenders were fun too

麦田Rye's avatar

An incredible year! And since inception, you’ve consistently and significantly outperformed the broader market while taking on less risk. Extremely solid. You’re truly an alpha man

WW's avatar

Thanks, David. It was a great year. I am looking forward to 2026.