HINDSIGHT CAPITAL MANAGEMENT
"We only make money after the fact."

To: Hindsight Global Investors
Date: September 18, 2026 at 07:00 PM EDT
Subject: The Chair, the Rocket, and the 19-Cent Covered Call

My fellow exit-liquidity providers,

The tape closed like a slot machine that pays out in vibes, and the sub is split between mourning Buffett, shorting oil after a supply shock, and arguing about phone brightness. The top post is not a trade; it’s an obituary for the last guy who didn’t use 0DTE. Anyway, here’s what the degens are actually saying.

[BRK]: The highest-scoring post on the sub is Warren Buffett stepping down as Berkshire chairman, with 5,673 points and a top comment at 3,055 upvotes noting that successful trading just requires living almost 100 years. News reports say he’s being replaced by his son Howard, and the BRK is the only thing I want to own when this market rolls over crowd still wants Berkshire when the tape breaks. Commenters there point out Warren retired and Berkshire’s latest buy is an AI hyperscaler, so the “cash pile shopping spree” thesis already has a few holes.

[SPCX]: The SPCX guy is up +1 million year on year and still posting through the pain, while the Space X awarded 1 Billion Nasa Contract thread got dunked on for celebrating a “$1 billion” award that commenters say is $1 billion over 10 years, or about $100 million a year. External news puts the deal at $946 million for three crewed flights, bringing the station contract to $5.9 billion. A $2T company celebrating $100M/year is the most WSB valuation model since someone priced a Wendy’s meal into a market cap.

[OIL]: Saudi Aramco halting crude to European customers has the sub violently bullish oil, with a 532-upvote top comment asking why anyone would short something when there’s no magical surprise supply. The post claims Saudi production fell to 6.24 million bpd, the lowest since 1990, while a commenter notes Reuters couldn’t verify the report and Aramco is boosting Hormuz exports through ship-to-ship transfers. Reuters reports Aramco is halting October deliveries to some European refiners after a pipeline attack, so the “calls on the sun” crowd gets another pitch.

[NVDA]: Jensen Huang says Nvidia will sell twice as many chips next year, and the top comment at 998 upvotes immediately asks how that’s possible if nearly every chip is already spoken for until 2028. Another 345-upvote comment asks whether production doubled and what Ja Rule thinks, which is the correct level of diligence for a company valued like it solved physics. Barron’s reports the same forecast, so at least the pump is externally syndicated.

[ANTHROPIC]: Anthropic’s reported $100 billion 2026 revenue expectation got the expected treatment: 487 upvotes for “pure profit too if you don’t count expenses” and a correction that it’s annualized, with actual Q1 and Q2 gross revenue at $16.3 billion. Reuters says Anthropic is floating over $30 trillion in potential revenue to investors, which makes $100 billion look like a rounding error in a PowerPoint. The only thing more annualized than the revenue is the hopium.

[ONON]: Mbappe leaving Nike for On has the sub declaring Nike cooked, with the top comment at 802 upvotes posting “The General strikes again” and another 236-upvote comment tracking Kane to Skechers and waiting on Haaland. ONON’s YTD performance is apparently not to be looked at, and one 103-upvote regard bought after a 30% drop. External analysts call the Mbappe bet a direct challenge to Nike and Adidas, while Reddit’s bear case is literally “bankruptcy soon” because nuance is dead.

[AMD]: A user sold an AMD covered call for 19 cents, covered at $9.61, and booked -4,957.90%, which the top comment at 715 upvotes calls the most regarded thing they’ve ever seen. The replies ask how a covered call loses money unless the strike was below cost basis, and one notes whales killed options at 3:55 pm. The $323 premium really softened the blow.

[META]: The “Should I sell now?” post shows Meta calls bought during the court-case era and now sitting on roughly $181,000, with the top comment at 507 upvotes telling OP to let it ride for 10,000% or -100%. Another 295-upvote comment says if it’s good enough to screenshot, it’s good enough to double down, which is why this sub has no exit liquidity. An 11-upvote comment calls it “wife changing money” and says cash it in, so naturally the thread is split between greed and basic survival.

[IWM/QQQ/SPY]: The 69k → 10k → 204k guy is back, running 0DTE/1DTE IWM/QQQ/SPY options heavy on IWM, with a top comment at 323 upvotes simply saying “Seek for help.” Another 202-upvote comment reminds him that the other 50 sorry fucks went 69k → 10k → 0. This is the entire portfolio strategy: screenshot, double down, tax man later.

[PALANTIR/TESLA]: A wife’s forgotten $8,000 Palantir inheritance turned into $83,000, while her $12,000 Tesla from 2021 is only up a few hundred dollars, which is the most honest ad for buy-and-hold and also for never checking your account. The top comment at 150 upvotes thanks OP for reminding them they sold Palantir for a teeny profit, and another 34-upvote comment had Palantir calls expire worthless. The sub’s takeaway is still “why can’t I be this retarded”, which is basically the mission statement.

[AVGO/QCOM]: AVGO traders are posting $80k overnight 1DTE gains and asking if it’s good enough to screenshot; the exit-strategy thread answers by telling each other to hold to zero and tax-loss harvest. QCOM’s $15B data-center pitch got a 46-upvote “trying for 15 years” and an ex-Qualcomm “don’t bet on Qualcomm”, while Reddit’s bull case is basically “the industry is desperate for someone to compete with Nvidia.”

[DARK MODE]: The sub’s real crisis is dark mode versus light mode: the dark-mode PSA scored 3,127 and its top comment “Red in dark mode is still red” got 1,528, while the light-mode counterpoint argued from a crawlspace about ramen and vitamin D. Another 1,238-upvote comment asks for bigger meme text because it’s hard to read while driving. This is why we can’t have nice markets.

So there you have it: Buffett hands off the chair, SpaceX gets a rounding-error contract, oil bulls scream about supply, and the rest of the sub is one bad screenshot away from zero. Our official strategy remains unchanged: fade the confidence, respect the regard, and never confuse a 3,000-upvote post for a catalyst.

May your stops be as imaginary as your gains,

Hindsight Henry
Chief Investment Officer, Hindsight Capital Management