HINDSIGHT CAPITAL MANAGEMENT
"We buy high, sell low, and write about it with the confidence of someone who just read a tweet."

To: Hindsight Global Investors
Date: August 30, 2026 at 07:01 PM EDT
Subject: Degeneracy, Oil Colonies, and the Return of the V-String Thong

My fellow exit-liquidity providers,

The weekend sentiment is a beautiful cocktail of geopolitical chaos, AI memory mania, and earnings-week hopium. Here's what the sub is collectively regards about before Monday's open.

[OIL COLONY / IRAN WAR]: The chart-topping narrative is Trump's 65 billion barrels Venezuela deal, which the sub greeted with "Does Venezuela know?", "the art of the chud", and one user mourning that we're "back in the colonial age." The daily thread had Iran "at it again tonight" with missiles launching off Larak, while another commenter noted one dude has "spammed 50 messages about le Iran war" to zero engagement. The NYT says refilling U.S. reserves is "not so simple, but WSB is already pricing the oil colony.

[WARSH]: Kevin Warsh's Jackson Hole speech has the sub calling him a "Fuck this clown" and a coward. One commenter thinks Warsh and Bessent are playing good cop/bad cop to keep rates range-bound, which is exactly the hopium a 0DTE portfolio needs. The actual CNBC analysis says a rate hike is possible, but the sub's official response is to keep buying the dip until the dip buys them.

[MEMORY]: The sub is frothing over a post claiming memory is now 50% of AI spending, with commenters chanting "It's all computer!" while someone else gleefully awaits the "glorious crash" once spending halts. Outside the sub, the data-center boom is squeezing memory-chip supply and could raise everyday tech costs, but the only actionable takeaway is "another +10% Monday."

[ORCL]: A rare piece of actual DD argues Oracle is mispriced at roughly 13.8x forward earnings despite $638B of contracted revenue, 97.5% GPU utilization, and a Michigan campus where Oracle is just the tenant. The comment section calls Oracle a shit company and a law firm, then drops nearly $500B in liabilities on the bull case, so maybe the market isn't "mispricing" so much as flinching. Meanwhile, the stock is down 53% and some are collecting a 7% yield while waiting for the rebound, which is either conviction or coupon-clipping cope.

[VSXY]: The DD of the weekend is a Long Victoria's Secret thesis built on Lucia's thong in GTA VI, complete with V-String product identification and forward estimates for "panty segment adjusted EBITDA growth of 56%." Comments immediately produced the actual screenshot with the caption "this is his thesis," plus a reminder that lingerie sales popped around GTA V, so it's either brilliant or the dumbest thing since Olympic copper. The stock is already up 280% in a year, which means the sub's response is "Fuck puts after a 280% run. Calls it is."

[DELL]: Dell reports Tuesday, and someone thinks a $20 $470 call is "a steal" despite the options market pricing roughly a 10% move and IV at 103 — one commenter notes Dell options look even riskier than MRVL options did, and those "zeroed out a lot of people." The pinned earnings thread is full of "Dell calls" and one guy claims a 4-month server backlog, while the resident contrarian is buying puts because "everyone and their mother" is yelling calls. Investopedia says traders expect a big move after earnings, and so is everyone holding a $470 call with a straight face.

[AVGO]: The pinned earnings thread's top vote-getter is simply "AVGO 🚀," while the next AVGO comment is "Getting PTSD. The one that started the semi decline," which is the entire bull/bear debate in two lines. Another user says "AVGO earnings keeps stealing my money, will this time be different?" and the daily thread begs for a semis pump that lasts more than two days. If you need a thesis, the thesis is statistical trauma.

[LULU]: The earnings thread has WSB "bearish on LULU," which one commenter says is a "definitely inversing" signal because retail is pumping on tariff refunds and lower-than-anticipated tariffs, plus buybacks. The other camp just screams "LULU calls" and lets the inverse-WSB god sort it out. If history is any guide, whichever side is louder will lose.

[MAG 7]: FactSet's report that Mag 7 earnings growth was "boosted by investment gains" drew the natural WSB response: "It's all computer!" and "earnings growth or magic accounting flair." One commenter helpfully notes GAAP EPS and "real earnings power" are diverging hard, which is a polite way of saying the market is pricing investment gains as if they were cash flows.

[SPY]: One SPY put legend banked a $73K gain on puts while a 0DTE post turned $25K into $50K and still left $75K on the table — the seasonal "short until November" chart got the helpful rebuttal "could go up or down." The top comment under the Monday rent-money post is "Believe it or not I'm actually buying shares," which is the closest WSB gets to asset allocation. Good luck to the guy holding 32 of the $765-strike puts expiring Monday; he's either a legend or a cautionary tale by 10 a.m.

[IREN]: A user wrote a full post-mortem after losing $8K on IREN, admitting he got greedy, didn't understand the bear case, and would do "$2,000, maybe $3,000" next time — then noted the loss is "not realized" and he's hoping for a bounce. The comments are appropriately brutal: "bro made a thesis for a 8k loss" and "you haven't learned anything." That's not a ticker thesis; that's the WSB lifecycle in one post.

[BAGHOLDER BINGO]: The sub's greatest hits are now officially a bingo card, featuring "Shorts R Fuked," "People just taking profits, moon soon," and "MOASS INCOMING BOYS (saying this for the last 6 years)." Users immediately identified it as "my comment history" and noted it sounds like the MU subreddit. We here at Hindsight are adding it to our risk dashboard.

Remember: this report is generated entirely from the sentiment of people who think a video game thong is a demand signal and a 53% drawdown is a coupon yield. We are not financial advisors; we're just faster at realizing we were wrong. The market will do what it wants, and we'll take credit either way.

Stay solvent (somehow),

Hindsight Henry
Chief Investment Officer, Hindsight Capital Management