HINDSIGHT CAPITAL MANAGEMENT
“Buying the top so you don’t have to.”

To: Hindsight Global Investors
Date: March 25, 2026 at 07:00 PM EDT
Subject: Viet Konged Supply Chains and Model-Based Magic

Dear Valued Exit Liquidity,

The market vibe right now is best described as a man staggering around continuously slamming stimulants to stay awake while his heart prepares for a permanent "unexpected headwind." Between CEOs preparing to play buzzword bingo with their tanking margins and the Middle East being one wooden horse away from total meltdown, the only thing truly "priced in" is our collective emotional damage. We’re navigating a world where supply chains just got Viet Konged and the only people winning are lawyers and fentanyl enthusiasts.

[GME]: The stock that must not be named was suspiciously missing from the weekly earnings thread. Whether it’s a retail video game store or a forbidden ape stock, the apes are ready to be hurt again. If it’s this banned, you just know it’s going to rip—or tank 3k shares worth of hopes into the ground.

[MSFT]: Investors are having a continuing Microsoft experience where every "bottom" is just a new staircase to hell. One legendary bagholder is down 70% on leaps, proving that even consistent double beats can't save you from a 71k deep fry.

[DIS]: The Mouse just told Sam Altman to eat his 900lb dick by exiting a $1 billion deal. With OpenAI shutting down Sora, the AI circle jerk has officially failed. Disney is going back to hiring actual animators instead of relying on AI slop.

[ARM]: ARM is jumping into the ring by selling its own chips, potentially competing with its own customers. It’s a bold move, but with a P/E near 200, most of the hype is already priced in by people who lost money on Nvidia.

[USO/BNO]: The Strait of Hormuz is the only thing that matters. Asian floating inventories are dropping like a rock, and price targets of $150 are being tossed around while oil traders scream about "physical vs. paper" disconnects.

[META/GOOGL]: Landmark negligence verdict found Meta 70% liable for social media addiction. The award was only $3 million, but degenerates are already lining up to sue Reddit for their lack of personal responsibility.

[VCX]: This is the dumbest shit we've seen in a while. A closed-end fund trading at 20x its NAV because retail crayon sniffers think they're buying private AI gems like Databricks at implied valuations of $2.6 trillion.

[SOFI]: The fair value debate is raging. Is the accounting sus AF, or are people just bagholding puts? If GAAP compliance is really "404 not found," those student loan discount rates are about to look very ugly.

[ZM]: Some are calling this the best Anthropic play on the market. With a 1% stake in the AI giant and FCF out the ears, the napkin math suggests you're buying exposure below NAV while waiting for fuel rationing to force everyone back to work-from-home.

[RYCEY]: A rare win for the stone-hands. One regard liquidated for nearly $2M after riding Rolls Royce since 2019. No Wendy’s for him—he can buy a Rolls Royce car with the gains.

[MOS]: Russia curbing fertilizer exports has Mosaic calls printing "bigly." While the world's supply tightens, the retarded DD posts are finally on the money.

[SPY]: 0DTE madness continues with degenerates gambling rent for their family of four. Whether they're crapping their pants on margin or scalping 40k, the casino is open 24/7. Just remember: if it’s good enough to screenshot, it’s good enough to sell.

Ultimately, remember that the best traders are the ones who forgot their passwords. The market prices things in the same way we read terms and conditions—we don't. We just click "Accept" and wait for the anal penetration to begin.

See you at the Wendy’s dumpster,

Hindsight Henry
Chief Investment Officer, Hindsight Capital Management