September 2026 Portfolio Review: In a Closed Pool, Averaging Down Means Selling Winners
A month with no trades erased my YTD gain, and showed me that in a fixed pool, averaging down means selling winners to fund losers.
-
-
June Didn’t Change My Portfolio. It Changed How I Look At It.
June was my worst month of the year. So I stopped tracking 25 stocks and started tracking 4 themes instead. Turns out I’m better at finding good companies than deciding how much of the portfolio each one deserves.
-
May 2026 Portfolio Review: China Is Dragging Everything Down
May 2026 portfolio review is up. The headline +0.4% hides a tale of two portfolios — non-China up +28% YTD, China down -15.2%. I break down what’s dragging, why I’m still holding the AV names, and what I’m doing in June ahead of the FOMC on June 17.
-
March 2026 Portfolio Performance: The Toll Booth at Hormuz
March was rough — portfolio down 3.6%, but still beating the S&P 500’s 5.1% drop. OVID surged 36%, WeRide delivered, and Pony AI got punished on earnings. Here’s my full March breakdown and Q1 strategy reset.