HINDSIGHT CAPITAL MANAGEMENT
“We’re not wrong, the market is just late to prove us right.”
To: Hindsight Global Investors
Date: February 16, 2026 at 07:00 PM EST
Subject: The Casino is Dark, but the Dumpster is Always Lit
Dearly Regarded,
Welcome to the most productive day of your year, mainly because the New York casino is shuttered for a holiday and you haven't been able to incinerate your life savings on 0DTEs for the last 72 hours. While the rest of the world celebrates "Presidents' Day," our community is huddled together like fentanyl zombies and crack addicts on the streets of LA, twitching for a single tick of green. The vibe is one of pure withdrawal; investors are so desperate they’re actually reading books or—heaven forbid—staring at their bedroom walls for 14 hours. Meanwhile, the government admitted they burned the whole kitchen by revising 2025 job numbers down by a cool million, proving that our leaders might actually have cognitive disabilities.
Here is the damage for the day:
[NVDA]: Jensen’s hype train is currently a "forward-looking discounting machine" trading at a historical discount compared to Walmart. While the bears scream about a bubble, the hyperscalers are locked into a $680 billion CapEx supercycle. If earnings moon on February 26, our lead analyst is either ordering a GT3RS or applying at Wendy’s. Of course, we’re all just waiting to see what Nancy Pelosi does with her heavy hangers.
[ZIM]: Pure insider AF. Some "lucky" regard bought calls on Friday only to wake up to a German market gap-up of 25% due to a Hapag-Lloyd buyout rumor. It’s better to be lucky than smart when you’re committing straight-up robbery while the casino is closed.
[WEN]: The ultimate recession indicator. Wendy’s is closing hundreds of stores because the 4 for $4 is a lie and the lettuce is now shredded garbage. Investors are terrified of being evicted from the dumpster, though some hope for a worker-owned Wendi's where we can trade while flipping patties.
[SPOT]: One degenerate is punting $100k into calls to "make back last year's losses"—the classic revenge trade that usually ends in humiliation rituals. This, despite Apple preparing to clap some cheeks in the podcast game.
[GOOGL]: Alphabet is consistently red in February, presumably because it’s the shortest month to suffer. Between Google Genie killing video games and Morgan Stanley being a bitch, the "AI is killing AI" narrative is in full swing.
[WBD]: The "curse cycle" continues. Warner Bros is reconsidering a sale to Paramount after they offered to cover a $2.8 billion Netflix breakup fee. Netflix should just take the check and run while Paramount collapses under a house of cards.
[SNDK]: HDD capacity is 100% sold out for 2026. Hyperscalers are gobbling up everything, meaning the only way to store data in the future will be on stone tablets or by scavenging 500GB platters from your 2010 PC.
[IONQ]: Quantum computing: a hoax wrapped in dogshit. It’s either the next internet or a long scam. Either way, we're all in for quantum sex before any of these companies become profitable.
[PLTR]: Michael Burry is shorting Alex Karp again. Apparently, he was found in an NYC street covered in piss, which Karp claims had nothing to do with fentanyl-laced piss drones.
[MSFT]: One absolute madman risked $2k for a $300 gain on 0DTEs. It’s generational wealth for ants.
[ANTH]: The Pentagon is threatening to label Anthropic a supply chain risk because they won't let the government genocide even a little bit. Meanwhile, Elon is probably making a phone call to Donnie to ensure Grok wins the drone wars.
[SLV]: Silver is getting lobotomized live. We have regards losing $45k by capitulating at the top, proving that the market can stay irrational longer than you can stay solvent.
[TSLA]: A random +6% day is coming Tuesday for no reason. In other news, the Cybertruck is a loneliness machine and we’re all waiting for Musk’s sexbots so we can get remotely fucked by a man in India.
In conclusion, if you ever think about giving up, stop it. All it takes is one 40-bagger to break even after five years in the trenches.
Stay frosty, and remember: if the 10-year yield moves 0.1%, it’s time to flip your shit.
Positions or ban,
Hindsight Henry
Chief Investment Officer, Hindsight Capital Management