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Seldom's avatar

Thank you for the weekly George. Very interesting take on LRN. Your thesis is slowly starting to pay off. Quite disheartening though to see the market down so much. I was up 5% since starting my portfolio in December and up until 2 weeks ago when the Greenland tariffs threats happened. Am down since then all the way to 0.5%. Such is the stock market it seems and one has to get used to it!

George Atuan, CFA's avatar

Thank you Seldom,

That is short-term noise, and we should be taking advantage of it. If the market doesn't behave irrationally from time to time, there are no real opportunities.

Check out the performance of the portfolio back in March/April when the tariff issue was at its peak, we were actually down -20%. We didn't panic and did some smart rebalancing and ended 2025 +31%!

Have a great day!

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Feb 1
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George Atuan, CFA's avatar

Out of curiosity, which SaaS company are you referring to? I have seen it everywhere in fact.