An Invitation, Best Buys Now & PM Forever Portfolio

Free Breakfast, meeting me, Pieter Slegers and Brian Feroldi, Best Buys Now and what I will buy for my portfolio

Hi Multis

As you know, I was on holiday last week. I was in Egypt. This is a picture from the sunset taken from the swimming pool.

I postponed the Best Buys Now until today because I will also combine it with buying shares for the Forever Portfolio. The portfolio additions will be made later today, but I’ll let you know what I will buy in this article.

But before we go to the content of this article, I want to invite you.

On Monday, I’m leaving for Omaha, with a stop in Minneapolis. I have two invitations for you.

The first one is one from my friend Vitaliy Katsenelson. He organizes a FREE BREAKFAST in Omaha on Sunday, May 3. He allowed me to invite every single one of you. Important: if you want to go, you have to let him know. No registration, no breakfast. But it’s totally free. Don’t wait too long, because, while there is a big capacity, I think it will be full fast. I will be there as well. You can register here.

Secondly, I want to invite you to a drink with me, Pieter Slegers (Compounding Quality) and Brian Feroldi. The drinks are yours to pay, but we will be there to talk to everyone who wants to talk with us.

The drink will be on Saturday evening from 8.15 pm to 10.15 pm in the speakeasy Howard & Fine, inside Moe & Curly’s Pub And Grill.

Same thing, you have to register to be there.

You can do that here.

I hope to see you there! But back to the content of this article.

This has not been an easy market for many investors. If you look at the indexes, they’re at all-time highs again. And at the same time, many of the stocks we own have completely underperformed the S&P 500, not just temporarily, but over a few years in some cases. Several of the Potential Multibaggers stocks have underperformed over the past five years.

Bank of America came out with research that showed that a 25% portfolio in stocks, bonds, commodities and cash has had its best return since 1933, when the world was still recovering from the Big Depression.

I believe this is all temporary. But the problem is that temporary can feel like a very long time. How do you think these Amazon investors felt after five years, from 1999 to 2004?

Some Multis will also remember how Shopify dropped almost 85% in 2022 and Cloudflare almost 82%.

You can get angry, but that won’t help you, to the contrary even. You will feel stressed and take the wrong decisions. What I did then is the same as what I do now: I keep looking at the underlying business, not the stock price.

We don’t know when the stock price action will turn, but we do know there is a transition going on right now with AI. And those kinds of transitions always make investors insecure. They don’t really know what will happen, and it is kind of crazy to think about what this new technology has become in just three and a half years. ChatGPT was introduced in November 2022 and here we are, not even three and a half years later, and look at how much AI has influenced many people’s lives already. At the same time, we also still see the limitations of AI. So it’s still not easy to separate noise from signal, which creates the uncertainty investors are dealing with right now.

I’m fully convinced that many companies will have problems shifting to AI. And it’s actually not that hard to see which ones. It’s the companies that don’t jump on the train, that don’t innovate enough. They will be out-competed.

To a certain extent, this is also different from the dot-com bubble. There is a real cost now, and that cost is tokens. Tokens are expensive, especially for the most advanced models, which are the ones you want if you’re on the cutting edge. That also means there is a barrier to entry here that didn’t exist with earlier waves of disruption.

Look at what happened with Claude Mythos, the new Anthropic model, which they have not released to the general public because of what they call safety reasons. About 50 of the biggest companies, tech companies, banks, have gotten access, and they had to pay up for it. They did so without hesitation. And there are many, many companies begging Anthropic on their bare knees to be let in, because they don’t care much about the cost of the tokens. They care more about staying competitive.

So it’s not as if those big companies are being disrupted from all sides. And I think that’s part of what you see right now. If you look at companies like Cloudflare or CrowdStrike, which have been let in on the new model, they will use it to have an edge on new competitors. That’s the complete opposite of what you normally expect from innovation. This is a very special situation.

But enough about general remarks. Let’s get to the Best Buys Now.

If you are a paid subscriber already, you can just scroll past this. If you are not, please read this.

When you join Potential Multibaggers now, you get my entire investment system:

✅ Best Buys Now: every month, the 5 best stocks to buy

✅ My Proprietary Quality Score: Rating companies on 17 quality metrics nobody else uses

✅ Deep Earnings Analysis: Thorough breakdowns that reveal what really matters

✅ Valuations & Buy/Hold/Sell scales: Cut through the noise and know exactly when to act

✅ 15,000+ Word Deep Dives: Each pick gets 4-5 extensive articles so you understand exactly what you own. The first article alone (part 1!) is already 7,600 words. What others call a ‘deep dive’ is just the starting point of a part of an article for me. This is the work professionals literally pay thousands of dollars per report for!

✅ Private Community: Direct access to me and 800+ serious long-term investors.

And you can see what I buy every time.