Investor Letters

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Investor Letters

Q2 2026 Investor Letter

Q1 2026 Investor Letter

2025 Annual Letter

Q3 2025 Investor Letter: At the Edge of Acceleration

The best investors, like the best scientists and engineers, refuse abstractions—they go see for themselves. To understand a business, an economy, or a transformation like the one unfolding today, you walk the factory floors, talk with coders, and listen for the hum of progress before it shows up in the data.

Q2 2025 Investor Letter: Zoom Out—A View From the Edge of Transformation

Three emergent themes shaping the decade ahead: Chinese innovation, autonomous transport, and intelligent automation.

Q1 2025 Investor Letter: The Rise of Smart Machines

2024 Annual Letter: Investing Through the Next Industrial Revolution

In this letter, we explore five transformative trends we’re tracking in 2025 and beyond.

Q3 2024 Investor Letter – The Nightview Fund (NITE)

In this letter, we will present our view that autonomous transportation represents one of humanity’s most pivotal shifts in technological achievements.

Q2 2024 Investor Letter – The Nightview Fund (NITE)

In this quarterly overview, we will look at Amazon’s core business lines and where we see potential for outperformance.

Q1 2024 Investor Letter

Reviewing Tesla and the transformative potential of FSD software.

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