ANDRÉ

@Pirat_Nation Lol

X users are noticing and claiming that the new Xbox CEO could be using AI in replies and that the whole account might be managed by an AI bot.

@MrEVplus Några pågående diskussioner att ta in fonden till Montrose?

@andrezeitz Tack!

Exelity - Fonduppdatering januari 2026: • Januari: +0,3% (2025: +17%) • CAR Micro Cap Return Index: -3,6% (2025: +4%) • CAR Small Cap Return Index: -4,2% (2025: +2%) • Aktiebenet drivs bl.a. a Argo Defence (+21%) samt Plejd (+19%) • Exelitys största innehav Argo Defence (8% av fonden) • Överlag tuff månad för small cap som pareras väl

🐐

@mrunderurd LFG

101k players at 2 PM on a Monday. I’ve never seen numbers like this before. $EVO

@timra_ik Värmer grabbarna innan match? Helt otroligt att vi alltid släpper in första målet.

Rögle tar ledningen med 1-0. #timraik

This period of time in SaaS reminds me of the living hell that is running a hedge fund when a sector dies and you have exposure. 1) You wake up, reach for your phone, see your stocks are down pre-market for the fifth day in a row on no news. Good morning! Go get a bacon / egg / cheese and coffee from a deli - this will be the only good thing about your day and you know it. 2) Enter the office and your SaaS analyst has a grimace on his face. You don't want to have the same conversation you've had in your head and with him 30x a day for the past week so you just go eat your breakfast at your desk while reading news / research. 3) Your analyst comes in and you have the 121st version of the conversation. No new insights. You can sense he is beaten up so you go through 50 mental model / frameworks but neither clarity nor comfort arrives. 4) Morning meeting with the investment team. Someone will invariably ask "So what's our view on this sector?" [meaning the sector that is equal to hell on earth right now]. This kicks off a conversation in which the other analysts who know absolutely nothing about the sector in question will start by asking gently probing questions of you and the analyst. This escalates to unanswerable questions that people only have the nerve to ask when a sector is dead. You have to graciously entertain these questions because the stocks are down so apparently anything goes. You start thinking that everyone in the room is stupid including and maybe mostly you. After 20-30 min of abuse (maybe more) and at the point where you literally have no clue what you're even talking anymore ("when will this turn?), someone will mention that their buddy works at a rival fund where the PM sold the entire sector earlier that week. Another analyst will then mention "That fund is really smart" (implying you are stupid with which you agree wholeheartedly). 5) Meeting over. Now you and your analyst have another conversation, and you can see the fight leaving his body. You wonder how his physical body remains upright seeing as the spine is dissolving in real time but then realize you're not a doctor because you're not smart enough. Anyways, this chat may or may not culminate with the suggestion that "maybe we should take some off or just come back later". At this point, your brain floods with the history of your interactions including how the two of you have patiently been waiting for a "buying opportunity" JUST LIKE THIS. And now that it is here, didn't immediately go up, and, in fact, went down further, you are having to contemplate trimming or selling. You restrain yourself from smashing something but also understand your analyst who doesn't want to destroy his year by January 16th and die like this. Who does? 6) At this point, you realize you are simultaneously fighting 1) the market, 2) your primary analyst, 3) your other analysts, 4) your competition including QQQ which only goes up. And you feel very, very alone in this investment. No joke, this part truly sucks. Most times, you probably trim some of whatever is hurting. Because at least you did something. And if it all goes to hell, you can sell more and say / feel you took the right action. And if it goes higher, well, at least you somewhat stayed. Honestly, at this point, no one will give you any credit for your actions anyways and you're just going to get whatever potential discredit results. It rarely pays or is feasible to be the hero here. 7) Day is almost over. 10 minutes to close or maybe right after, your largest, most "proactive" institutional investor like Blackstone will email "Hey - got a second to chat about Saas?". Or maybe your most unsophisticated investor. Usually both. So then you hop on the phone and explain what you know, what you think and what you did or plan to do. This is the point where having a 10 out of 10 investor like Blackstone helps because they are professional and get it so long as you are sticking to your process. 8) Go workout and feel a bit better. Go home and try to be present with the family for a bit. Then whiskey time and mentally go over everything again. Alone. To make sure you hopefully aren't impairing capital permanently and, if so, have a plan. And that plan is to fire everyone and become a monk. [To my prior SaaS analyst and team, this is not really about you. I mean, you probably did this in some shape or form to me on many occasions. But it's ok. Everyone is doing what they think is best / most helpful at the moment. And I probably did the same thing when I was in your shoes. Just trying to laugh about team investment dynamics during meltdowns and grateful I only have to answer to myself during this SaaS drawdown. So much simpler! Hope you all are well].

@PeterStenstrm @lejooon @chiringuito261 Tack för att kunna läsa sunda tankar och funderingar ni har. Guld värt!

Tack. Ja, jag har varit väldigt positiv till Betsson sedan hösten 2021 men nu inser jag att Turkiet sannolikt är en mycket större del av vinsten än vad jag trodde. Jag tror det var i en telefonkonferens år 2022 där Betsson sa att inget land utgör över 20 procent av vinsten. Det tillsammans med information om att Betsson för länge sedan kommunicerade att de delar kostnader med Realm fick mig att tro att B2B marginalen var lägre. Sedan har bruttomarginalen sällan stigit när B2B har stigit. Hur det kommer sig vet jag inte. Igår såg man tydligt hur hög skalbarheten är. Har du fått 310 MEUR från en årsredovisning från 2024 som du har hittat från Realm? Den lyckades jag aldrig hitta.

I saw Tasmanian devils for hours today at a sanctuary/unzoo. Only fitting that Betsson trades at +6,66 %. The Tasmanian devil formation. $BETS

@SawyerMerritt Uww

NEWS: OpenAI has announced that it will start showing ads in ChatGPT free and Go tiers in the coming weeks. Here's what the ads will look like:

@Badhombre Savage

I’m tired of my taxes paying for your fat girlfriend’s Medicaid.

@pokertrader1 ”Den röda”

Ett råd till Kavastu är att undvika att delta i publika sammanhang likt poddar. Emellertid ser den lokala bokhandeln i Estland ut så här. Så viss sanning verkar det ändå finnas.

@FFlanderen Lite mer ödmjuk nu.

#intellego, Hans Isoz (finansen99) lyckas inte kuppa in sig i styrelsen ❤️ #finansx #ledsen

@MayorFrey Retard

I am aware of a shooting involving an ICE agent at 34th Street & Portland. The presence of federal immigration enforcement agents is causing chaos in our city. We’re demanding ICE to leave the city immediately. We stand rock solid with our immigrant and refugee communities.

@GovPressOffice 🤣🤣

We’ll make sure Grindr servers are ready…

@GovTimWalz 🤡

Minnesota has to come first - always. Today, I’m proud of the work we’ve done to make Minnesota the best place to live and raise kids. I’ve decided to step out of the race and let others worry about the election while I focus on the work.

🤣

@alexeliasson Perfekt att hinna dubbla innehavet några gånger 🤣

Tiger $TIGR is back to my pitch-levels. Such a peculiar roundtrip. Pjuh 🫠

@Polymarket Oh no 😬

JUST IN: Amid public outcry & calls for audits, Minnesota daycare owner now claims all paperwork was “stolen” and cannot be retrieved.

@GovTimWalz 🤡

This is Trump’s long game. We’ve spent years cracking down on fraudsters. It’s a serious issue - but this has been his plan all along. He’s politicizing the issue to defund programs that help Minnesotans.

If this data is accurate, Trump deserves a lot of credit for this and for the border. Plenty of things to criticize the admin on, but this is a remarkable achievement.