GAX CAPITAL MANAGEMENT

It's been a while since I shared updates, and I recognize the importance of maintaining better communication moving forward. Over the years, I've experienced track record, achieving almost double the returns of the S&P 500. While my professional career has kept me occupied, I've continued to invest in the market on the side. Managing a portfolio for some time has underscored how challenging it is to consistently outperform... Recently, my investment philosophy has shifted toward a more concentrated approach. I now prefer holding a smaller number of positions-typically one to four companies-versus the broader portfolio I managed in the past, which at one point included 14 stocks. Truth be told, it became impossible to stay informed about many of those holdings, especially since investing isn't my primary occupation. By late 2022, I transitioned to a leaner portfolio focused on companies I believe offer a more compelling risk-reward profile... What drives the market rise over time is..