Sophocles Sophocleous, CFA

After successfully bringing investors together in Asia, the next chapter is LATAM on June 2-3. And there’s no better place to launch it than Rio de Janeiro. Like our Asia event, the goal is simple: bring South American investors together, alongside a group from North America and Europe, to discuss specific investment ideas. Everyone attending shares their best investment idea. There are no constraints on geography, asset class, or sector. The early bird fee is €250. It’s set below cost to make the event accessible to investors across South America, and it will not be offered at this level again. Join David Iben, Evan Tindell, Marcel Gozali, Julio Coelho and others at the Hilton Copacabana as we exchange ideas, and build lasting connections. If you are interested in joining our community, then apply for an invitation -> fatalphavalue.com/latam #stockmarket #equities #investmentideas #conferences #ideaexchange #valueinvesting #brazil #riodejaneiro #emergingmarkets

🎙️ 𝐒𝐩𝐞𝐚𝐤𝐞𝐫 𝐀𝐧𝐧𝐨𝐮𝐧𝐜𝐞𝐦𝐞𝐧𝐭 | 𝐅𝐚𝐭𝐀𝐥𝐩𝐡𝐚 𝐕𝐚𝐥𝐮𝐞 𝐋𝐀𝐓𝐀𝐌 We're delighted to welcome Sam John, CFA, Managing Member & Portfolio Manager of Phronimos Capital, to Rio de Janeiro. Sam has spent 25 years finding overlooked value where most institutional capital doesn't look: global micro-cap deep value and special situations. ▪ Equity research associate, 𝐂𝐫𝐞𝐝𝐢𝐭 𝐒𝐮𝐢𝐬𝐬𝐞 (2000–04). Finished 𝟏𝐬𝐭 𝐢𝐧 𝐭𝐡𝐞 𝐟𝐢𝐫𝐦-𝐰𝐢𝐝𝐞 𝐬𝐭𝐨𝐜𝐤-𝐩𝐢𝐜𝐤𝐢𝐧𝐠 𝐜𝐨𝐧𝐭𝐞𝐬𝐭 ▪ Senior Research Analyst, 𝐏𝐞𝐫𝐬𝐢𝐬𝐭𝐞𝐧𝐜𝐲 𝐂𝐚𝐩𝐢𝐭𝐚𝐥. Generated average annual returns in excess of 𝟐𝟓% on a $300M global fund, with early EM calls in India, China, and Brazil (built 2005, reduced late 2007) ▪ Investor, 𝐓𝐞𝐫𝐫𝐚 𝐅𝐢𝐫𝐦𝐚 𝐕𝐚𝐥𝐮𝐞 𝐀𝐝𝐯𝐢𝐬𝐨𝐫𝐬 (2010–14) ▪ 𝐏𝐡𝐫𝐨𝐧𝐢𝐦𝐨𝐬 𝐂𝐚𝐩𝐢𝐭𝐚𝐥 since 2014. Focused on global deep value and special situations The 2005–2007 EM sequence is worth noting. He built exposure to India, China, and Brazil when few were, then cutting before the crash. 𝐉𝐮𝐧𝐞 𝟐–𝟑, 𝟐𝟎𝟐𝟔 · Hilton Copacabana By invitation only · 25-person cap 👉 𝐀𝐩𝐩𝐥𝐲: fatalphavalue.com/latam

🎙️ 𝐒𝐩𝐞𝐚𝐤𝐞𝐫 𝐀𝐧𝐧𝐨𝐮𝐧𝐜𝐞𝐦𝐞𝐧𝐭 | 𝐅𝐚𝐭𝐀𝐥𝐩𝐡𝐚 𝐕𝐚𝐥𝐮𝐞 𝐋𝐀𝐓𝐀𝐌 We're excited to have 𝐄𝐯𝐚𝐧 𝐓𝐢𝐧𝐝𝐞𝐥𝐥, Co-Founder & CIO of 𝐁𝐢𝐫𝐞𝐦𝐞 𝐂𝐚𝐩𝐢𝐭𝐚𝐥, joining us in Rio. This is a guy who knows how to generate some serious alpha. He almost made 𝟐𝐱 𝐭𝐡𝐞 𝐒&𝐏 𝐢𝐧 𝟐𝟎𝟐𝟓, and his strategy since 2016 delivered 📊 +𝟓𝟎𝟕.𝟔% 𝐜𝐮𝐦𝐮𝐥𝐚𝐭𝐢𝐯𝐞 𝐯𝐬 +𝟐𝟖𝟒.𝟎% 𝐟𝐨𝐫 𝐒𝐏𝐘 In 2022, when the SPY was down -18%, Evan delivered a +34% for his investors. Anyone can outperform in a bull market. Protecting and compounding capital when markets break is an entirely different skill. His background is anything but conventional, and that's exactly the point: ▪ MIT Mechanical Engineering graduate & 𝟒× 𝐀𝐥𝐥-𝐀𝐦𝐞𝐫𝐢𝐜𝐚𝐧 𝐭𝐞𝐧𝐧𝐢𝐬 𝐩𝐥𝐚𝐲𝐞𝐫 ▪ 3 years as a 𝐩𝐫𝐨𝐟𝐞𝐬𝐬𝐢𝐨𝐧𝐚𝐥 𝐩𝐨𝐤𝐞𝐫 𝐩𝐥𝐚𝐲𝐞𝐫 — top-10 finish at European Poker Tour ▪ 7 years as lead equity analyst at 𝐁𝐚𝐥𝐥𝐞𝐧𝐭𝐢𝐧𝐞 𝐂𝐚𝐩𝐢𝐭𝐚𝐥'𝐬 value-oriented long/short fund ▪ Now leads firm-wide strategy and bottom-up research at Bireme Capital The poker and tennis background isn't a footnote. Probabilistic thinking and discipline under pressure are evident in his track record. 𝐉𝐮𝐧𝐞 𝟐–𝟑, 𝟐𝟎𝟐𝟔 · Hilton Copacabana By invitation only · 25-person cap 👉 𝐀𝐩𝐩𝐥𝐲: fatalphavalue.com/latam

🎙️ 𝐊𝐞𝐲𝐧𝐨𝐭𝐞 𝐒𝐩𝐞𝐚𝐤𝐞𝐫 𝐀𝐧𝐧𝐨𝐮𝐧𝐜𝐞𝐦𝐞𝐧𝐭 | 𝐅𝐚𝐭𝐀𝐥𝐩𝐡𝐚 𝐕𝐚𝐥𝐮𝐞 𝐋𝐀𝐓𝐀𝐌 We're delighted to welcome David B. Iben, CFA as keynote speaker at our inaugural LATAM edition. Dave is the founder, CIO, and chairman of Kopernik Global Investors. He built it to over $𝟏𝟏 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐀𝐔𝐌 with a distinctive, conviction-driven global value approach. His track record speaks for itself: ▪ Co-founder & lead PM at Tradewinds Global Investors ($38B AUM) ▪ Global Value PM at Vinik Asset Management ($3B portfolio) ▪ Co-founder of Palladian Capital Management ▪ Former CIO at Farmers Group; responsible for $16B of investable assets Few investors have navigated as many market cycles across as many geographies. Dave will be sharing ideas in a closed-door setting with a small group of serious practitioners. 𝐉𝐮𝐧𝐞 𝟐–𝟑, 𝟐𝟎𝟐𝟔 · 𝐇𝐢𝐥𝐭𝐨𝐧 𝐂𝐨𝐩𝐚𝐜𝐚𝐛𝐚𝐧𝐚 By invitation only · 25-person cap 👉 𝐀𝐩𝐩𝐥𝐲: fatalphavalue.com/latam

@evantindell I use Sonnet Extended and works like a charm. Been using it a lot for python code to run some stats. Only used Opus to verify the Sonnet work and saw they both agreed.

Instead of defaulting to Sonnet, it should just nicely say: "Please use Sonnet I don't have the capacity for Opus currently because Dario doesn't want to buy $1 trillion in compute in 2028"

Because of the war, Antonio couldn't make it to our Vietnam event :( He prepared a great pitch and slide deck, so I asked him to share it with the world, and he was kind enough to say yes! CIO and head of single-family office Antonio Velardo shares his pitch on eToro $ETOR. Watch the video on YouTube or Spotify to see his slides. Links in the article below: fatalpha.substack.com/p/etoro-with-a… Next event: Rio de Janeiro Don't miss David B. Iben, CFA (founder of Kopernik Global Investors, LLC) and other great investors (like @evantindell) that will share their wisdom and best ideas! Join us: fatalphavalue.com/latam

A lot of lucky students at Columbia! @evantindell is a must-watch and follow investor! We are lucky he will be joining us in Rio in June

So ChatGPT is going to take over everyone's jobs... yet it forgot to tell me there is a holiday on June 4! (See attached) As I planned my next event in Brazil for June, I turned to AI to make sure everyone could attend. Based on AI recommendations, I decided June 3 was a good day for the main event of the 1st FatAlpha Value (LATAM). And if we have a few more presentations than planned, we'll do them in the morning on June 4. But as I was talking to a Brazilian family office today, I found out June 4 is a holiday! It's not a fixed one, so I guess that's why AI missed it... In any case, a fixable problem: dinner presentations on June 2 instead of morning ones on June 4 :) If you'd like to join a group of 25 professional investors discussing investments in this idea exchange in Rio then check out: https:/fatalphavalue.com/latam Feel free to ask questions by replying below.

Last week, we hosted our 2nd FatAlpha Value (Asia) Event. The 42 presentations consisted of 41 stock ideas and 1 macro. So many great conversations and good fun. The event was vastly superior to last year's, and I have no doubt that 2027 in Shenzhen will be even better! Check out the video: youtube.com/watch?v=E2bLIL… Join the community in Rio de Janeiro in June. Express your interest here: fatalphavalue.com/latam #valueinvesting #stockmarket #investing #investmentconference

Interesting:

Rin Narakornpijit explained in-depth and in simple enough terms AI hardware dynamics in a way we could all understand. The semiconductor story is now clearer and her stock pitch made sense. Thank you Soravis Poshyananda for telling her about the FatAlpha Value (Asia) event. You learn something new every day! Next event in Brazil: fatalphavalue.com/latam

Rin Narakornpijit explained in-depth and in simple enough terms AI hardware dynamics in a way we could all understand. The semiconductor story is now clearer and her stock pitch made sense. Thank you Soravis Poshyananda for telling her about the FatAlpha Value (Asia) event. You learn something new every day! Next event in Brazil: fatalphavalue.com/latam

12x P/E and 187% upside based on a reasonable liquidation value was the stock Patrick Beetz, CFA pitched at the 2nd FatAlpha Value (Asia) Conference today. Special thanks to David B. Iben, CFA and Kopernik Global Investors, LLC for always delivering great ideas. Meet Patrick and other amazing investors at our next event that will take place in Brazil on June 2. Express interest while we still have seats available: fatalphavalue.com

Ho Chi Minh City is amazing! Highly recommended for both investors and tourists. We are at the Grand Saigon Hotel. Everything is walking distance with a ton of stuff in city center. The high energy place that you can feel in anything you do. The food is fantastic. Great variety and super cheap. You don't have to go to the popular or famous restaurants. I'll tell you from experience that the back alley place that was 1/2 the price of the most famous restaurant was even better! Prices can range a lot in services and the higher price isn't necessarily better! There is a lot of competition so there is always another guy selling the same at a better price and better customer service. You rarely need much cash. Can get away with small amount (100 euros). Most places accept credit card or payment link where you can use your card. Excited about our 2nd Asia event starting tomorrow. fatalphavalue.com

My wife said "I'm crazy". I prefer committed :) Hell would have to freeze over before I'd not do our 2nd Asia Event which I expect to be epic. I had no issue going through Dubai. All went smoothly and you'd never know there was a war going on! I talked to the Emirates airsteward who mentioned that sometimes it was stressful when there were delays but it looks like they are handling everything extremely well. If you do get delayed then i suggest the Premier Inn which is a few min from the airport. They have a free shuttle and the great value for money. Stayed there for 6 hours between flights All our events: fatalphavalue.com

@evantindell Hahahaha! LONG BRO! lets go!

The weirdest moat in the world: $CROX product looks so dumb that you would never buy a knockoff. You already look kind of stupid -- you can't also look cheap.

1 week to go until our 2nd Asia event in Ho Chi Minh City. We have a group of 40+ investors sharing their best ideas. Looking forward to seeing friends and excited to meet the many Asia-located professional investors. Some of the speakers below. Check out all our events at: fatalphavalue.com

On the podcast, I had Adamos Hadjiantoniou, professional investor and co-founder of StockOpine. We discussed @GreggsOfficial, an interesting stock opportunity $GRG in the UK. fatalpha.substack.com/p/greggs-plc-w… More ideas, podcast episodes, and events: fatalpha.com

Unrelated to investing but this answer just blew me away

Proper due diligence sometimes means tasting the product 🙂 Took my daughter to London for the first time last month. We caught up with old friends and did some “field research” at Greggs (and of course, Wetherspoons). Here we are with my friend Guy putting the sausage rolls to the test! Teaser: I’m recording a Greggs podcast today with @Stock_Opine that should be live in the next few days. Sign up at the free Substack so you don't miss it: fatalpha.substack.com/subscribe And if you want to join one of my private investor events, check out fatalphavalue.com