Don’t Miss What’s Happening Now

Dear FJ Research Community,

This is the environment where fortunes are built.

Not when markets are calm.

Not when everything feels safe.

But when stress is high, emotions are loud, and fear is everywhere.

These are the moments that change lives.

Most people freeze.

Most people hesitate.

Most people spread themselves thin.

The prepared mind does the opposite.

A clear mind sees opportunity where others see chaos.

A focused investor acts when others panic.

A strong investor concentrates when others diversify.

This is not the time to chase ten ideas.

This is not the time to open twenty doors at once.

Those who try every door end up standing in the hallway.

I am personally prepared to walk through one door.

Maybe two.

That is it.

I am ready to bet big when the odds are in my favor.

I am ready to act when uncertainty creates mispricing.

I am ready because I have done the work.

This is not the time for weak hands.

This is not the time for weak thinking.

This is the time for resilience, clarity, and conviction.

I want every member of this community to win.

If you have followed my portfolio, you know how we are positioned.

We own durable companies.

We own real moats.

We own businesses with high barriers to entry.

We own founders and leaders with real skin in the game.

We are not chasing hype.

We are not chasing narratives.

We are built for endurance.

I bought these businesses at higher prices.

I was comfortable buying them when sentiment was strong.

That means I am even more comfortable buying them now.

Lower prices do not change the quality of a great business.

Lower prices increase the opportunity.

I am positioning myself next to Mark Rowan at Apollo.

One of the sharpest capital allocators in modern finance.

I am positioning myself next to Peter Beck at Rocket Lab.

A founder who builds real things, not stories.

I am positioning myself alongside Josh Kushner and Thrive Capital.

Alongside Mark Bertolini.

People who understand cycles, timing, and when to move.

These are not accidents.

These are deliberate choices.

This is not about being flashy.

This is about being prepared when everyone else is emotional.

Your biggest enemy as an investor is not the market.

It is not volatility.

It is not headlines.

It is you.

Your mind under stress.

Your hands under pressure.

Your discipline under fear.

That is why I am writing this today.

To remind you that this is the window.

This is the season.

This is the environment where real wealth is built.

Be strong.

Be focused.

Be selective.

We are not here to survive.

We are here to win.

And we will.