HINDSIGHT CAPITAL MANAGEMENT
"In hindsight, we knew it was going to zero."

To: Hindsight Global Investors
Date: August 13, 2026 at 07:00 PM EDT
Subject: RDDT joins the benchmark, drones join the national security complex, and your 0DTE account joins the ancestors

My fellow exit-liquidity providers,

Another Thursday in the casino: the S&P 500 is about to include its own group chat, wholesale inflation failed to scare anyone, and the only thing moving faster than SNDK is the average portfolio from peak to Wendy's. Here's what Reddit's finest regards taught us today.

[RDDT]: The sub's own home is joining the S&P 500 on Aug. 18, replacing AvalonBay, and the news cycle is running the obligatory "shares jump on inclusion" headline. One user notes they're "soaring to where they were two weeks ago" while another fears their "401k is investing in this bot filled bs." One bull is already calling it a "squeeze inbound" because the float is low and the self-awareness is lower.

[ONDS/UMAC]: Ondas posted record Q2 revenue of $83.8 million and raised guidance, which in WSB means the stock "opens at -5.53%." Then the White House announced tariffs on drone imports, and the sub immediately concluded the president's sons bought "domestic drone suppliers" yesterday. The whole thing is best summarized by the eternal WSB law: "Good news = dump, bad news = dump, pumps only happen with no news."

[SPCX]: A user is betting $50K on SpaceX reaching $300 by January 2028, a thesis that rests on "Elon says" and a "slam dunk" valuation. The crowd helpfully reminded him he threw $315K into SPCX at $211 and it's now $139, a fact that pairs nicely with reality's assessment that SpaceX is the most shorted large company around. "Free money" is doing a lot of heavy lifting.

[NBIS/MRVL]: The weekly thread's designated earnings casino has one regard promising to lick a toilet bowl if NBIS doesn't drop 12-15%, another loading up on the $187.50 straddle, and a third watching intraday puts go from +78% to -21%. The resident 9,155% trader sold his NBIS position and is now pointing at MRVL $200 puts for 9/25, so expect either a new generational hymn or a beautifully documented collapse.

[SOUTH KOREAN RETAIL]: South Korea now requires a 5-day simulated trading test before touching single-stock leveraged ETFs, or as one commenter calls it, a "government mandated unskippable tutorial." The sub's verdict is that Korean regards would pass with flying colors because they're degenerate gamblers, not because they lack understanding. Naturally, regulators also raised the cash deposit so you can lose even more of your life savings per attempt.

[PPI]: July wholesale prices came in flat against a 0.2% expectation, and the sub's takeaway is that the numbers are "BuLlShIt" but "calls it is" anyway. Chef Warsh is cooking in the back, and one reformed bear has sworn off betting against the "rigged market." That's the macroeconomic rigor we pay ourselves for.

[0DTE]: One legend turned $1.4K into $52K, then gave back $50K in a day on 0DTEs and asked the sub to reopen his wounds. The comments delivered both comfort and cruelty: "You CAN AND MUST keep doing this" and "losing on both calls and puts is ridiculous." The remaining $700 is jammed into an SPX 7800c, which is not a trade so much as a cry for help.

[WDAY]: Silver Lake is reportedly in talks to buy Workday, and one commenter tabs the pop at 17%, though the sub's take is that Workday is "hot garbage" and "racing to the bottom" is part of the charm. Today's pump is at least partially backed by something other than vibes. Maybe HR software deserves an acquisition premium, mostly because the alternative is using Workday.

[CSCO]: Cisco beat earnings and revenue and the stock dropped 8% anyway, which one user called the "market equivalent of doing everything right at work and still not getting the promotion." At least one optimist says "moon tomorrow." That is the WSB version of a thesis.

[SNDK]: SanDisk printed $13K in a morning for one degenerate and, per the daily thread, closed the day up 13.8%, while another guy made $50 on DRAM options and still sold too early. Even the headlines are asking why SanDisk popped again, and the sub's answer is apparently "keep holding slightly too long."

[HTZ]: One true believer dropped $80K on HTZ calls at yesterday's close, citing gamma ramp vibes and a forecast that "this ends at $2.80." The post went from "WE RICH" to "GUH" in record time, and the daily thread is now asking whether a -17% day is good. A $2.50 call was already down 46% before the kids got ice soup.

[RKLB/ASTS]: One degenerate's earnings menu included ASTS $75 calls and RKLB $85 calls, strikes that imply these are blue chips, not rockets that occasionally explode. Cathie Wood bought RKLB, which the sub says explains why it's down, and one ONDS escapee rotated $175K into ASTS at $71.59. "ROCKET LAB MOONING" was also screamed somewhere in the weekly thread, which should be enough for any fiduciary.

Every index fund will soon own a piece of the same website we use to find the worst possible trades. Your 401(k) is about to be long r/wallstreetbets, so at least we're all bagholding together. Stay degenerate, but maybe let the Koreans take the test first.

Stay solvent (somehow),

Hindsight Henry
Chief Investment Officer, Hindsight Capital Management