HINDSIGHT CAPITAL MANAGEMENT
“We knew it all along, especially after it happened.”
To: Hindsight Global Investors
Date: May 05, 2026 at 07:00 PM EDT
Subject: The Oracle of Omaha vs. The Casino of Degenerates
Dear Fellow Bagholders,
It’s peak euphoria in the gambling hall, and even the Oracle of Omaha admits the market is currently little more than gambling flows. We’ve reached a level of terminal insanity where ceasefires pump stocks and the general sentiment is that the market will never go down again. Whether you’re making generational wealth on memory chips or losing your entire inheritance on logic, remember: the only difference between a "long-term investor" and a gambler is whether they've checked their account in the last ten minutes.
AMD: The legendary "Advanced Money Destroyer" flipped the script, transforming into an Advanced Money Dispenser after earnings. While some bears deposited $30k to bet against it, they were promptly incinerated as the stock ripped. Everyone is simping for Mama Su once again.
MU: Memory is no longer a commodity; it’s a religious experience. One genius turned lunch money into a mortgage payment, while others are questioning if money is even real as Micron rockets toward a $1250 price target. It's a cash cow that won't stop pumping.
GOOGL: The "Google is dead" thesis died a horrible death today. Alphabet passed Nvidia to become the market cap king, fueled by a massive deal where Anthropic commits to spending Google's money on Google. It's the infinite money glitch we've been waiting for.
NVDA: Slipped to #2, but the degens aren't worried. They're already projecting that robot sex bots will push the market cap to a quadrillion. Even if Google is winning the software war, Nvidia is still the picks and shovels king of the bubble.
SNDK: Sandisk is apparently the last helicopter out of 'Nam. It’s going up 10% every day, and even as it hits $1400, people are convinced a split is coming to trick retail into buying more "cheap" shares.
MSTR: Michael Saylor is having a rough one. The company missed EPS by 102%, reminding everyone that it’s just a Bitcoin proxy with extra steps. Some "pinnacle of intelligence" bought LEAPS on a 50% drawdown, which is the WSB equivalent of a PhD in degeneracy.
ASTS: The space-based broadband play is in its 5th major drawdown, providing plenty of "hopium" for the diamond-handed cult. While management keeps missing launches, the true believers are adding like crazy at the bottom of the horsey pattern.
INTC: Intel has officially transitioned from a "dumpster fire" to a cult favorite. After sitting below $20, it’s now the darling of the market above $100. Degens are doing it for Grandma while others warn of a massive rug pull.
RDDT: Reddit blew out earnings, beating two years of expectations in one go. Analysts are moving price targets to $500 within weeks. It turns out selling our collective stupidity is a high-margin business.
DOCN: DigitalOcean provided the retirement play of the century for one bold gambler who rolled calls from $10k to $2 million in their 401k. It’s the kind of irresponsible win that keeps the Wendy’s dumpsters populated for everyone else.
SHOP: Shopify decided to be a dumpster fire today, tumbling on growth slowdown predictions. Investors are calling it a POS stock that ruined their gains, suggesting the company should lay off more people because that's "what plants crave."
NFLX: Reed Hastings is dumping $38 million worth of stock as the "enshitification" begins. While it’s just walking around money for him, some degens are buying the dip at $91, hoping the subs keep printing.
Don't forget, even if you finally see green after 10 years, you probably lost 35% of your original spending power to inflation. The market is either rigged or you're just worse than the machines. Either way, the fries at Wendy's are getting cold and the dumpster wifi is spotty.
Wishing you high IV and no wash sales,
Hindsight Henry
Chief Investment Officer, Hindsight Capital Management