Bahram Assadollahzadeh

Founder and Investment Manager - RICHTWERT CAPITAL AG
Helping business owners protect and grow what they have achieved for even greater impact

[Bahram Assadollahzadeh @bahram_assad]

Proud to announce: Our fund ranks 3rd out of 296 global value funds per Citywire! 🌟

What's remarkable: Unlike managers with multiple funds hoping one performs well, we focus on one strategy & one fund—investing only in our best ideas.

Clients trust us for 10+ years for 3 principles:
1. Invest as true business owners in superior businesses long-term.
2. Full alignment: Substantial personal capital alongside clients.
3. No management fees: Pay only for performance >6% hurdle rate.

Cut through noise for real success. Want a manager you can trust who earns with you, not from you? -> Let's connect: https://t.co/TG4U8I53xR

https://t.co/MQBj6cVtao

[Bahram Assadollahzadeh @bahram_assad]

@michaeljburry @michaeljburry Dwarkesh did not nail it. He had already made up his mind and wasn't asking questions to get answers but rather to confirm his own beliefs. Jensen explained it well towards the end. Also gave an interesting thesis on why Anthropic uses Amazon's chips...

[Bahram Assadollahzadeh @bahram_assad]

5Y ago, we warned: Investors should be cautious because high-flyers were priced for perfection, leaving little margin of safety.

Today, some produce 3-6 times the cash flows, but stocks have declined 50-80%!

AI disruption worries are justified, but babies are being thrown out with the bathwater.

Safe to say: Margin of safety is back for investors who understand and can value businesses.

At RICHTWERT, we always worry top-down and invest bottom-up looking for limited downside risk and great upside potential.

Comment with "margin of safety" to find out more!

https://t.co/Mo4MiAWMOv

[Bahram Assadollahzadeh @bahram_assad]

@elonmusk @elonmusk Why tell them how, if you can surprise them?

[Ray Dalio @RayDalio]

"I promise to not raise your taxes" and "I promise to not cut your benefits" are the two popular political promises that are inconsistent with the much more needed promise "I promise to cut the budget deficit to about 3 percent of GDP" that is required to prevent a big debt/dollar crisis. There is no way that the deficit/debt bomb problem can be sustainably dealt with unless there is a mix of tax revenue increases and spending decreases that are determined in a bipartisan way. Our representatives in Washington, DC, both Republicans and Democrats, know this is true. They understand the need to reduce the deficit by having those from both sides chip in a bit (e.g., a 4 percent increase in tax revenue and a 4 percent spending cut) which would lead to a supply/demand balance improvement for US debt which in turn would lower interest rates. Lower interest rates would help reduce the budget deficit as well as help the markets and the economy. But because politics have become so absolutist, they feel they can't go down this obviously best path because both their constituents and their parties will throw them out of office if they explored this more balanced approach. To me, that’s a tragedy.

[Bahram Assadollahzadeh @bahram_assad]

Incentives matter tremendously! Making members of Congress ineligible for re-election if the US deficit is more than 3% of GDP would put the US back into a sustainable position very quickly. It may be the only way too! And it is very necessary.

[Nick Sortor @nicksortor]

🚨 JUST IN: Elon Musk just ENDORSED a constitutional amendment which would make members of Congress INELIGIBLE for re-election if the deficit is more than 3% GDP

Lawmakers would shape up QUICKLY! 🔥

[Elon Musk @elonmusk]

Grinding down the mountain of oppressive regulation will unlock great prosperity!

[Bahram Assadollahzadeh @bahram_assad]

@elonmusk What could possibly go wrong when advertisers decide what is acceptable to say and automate that into AI tools for all advertisers ?

[Bahram Assadollahzadeh @bahram_assad]

@elonmusk @alex_avoigt 🤣🤣

[Bahram Assadollahzadeh @bahram_assad]

@CernBasher @CernBasher Apple has managed to differentiate itself in a duopoly so that it owns more than half the market. Curious to know what you think would allow Tesla to a) own 10-20% of the bot market and b) why profits would not be competed away after the initial few years.

[Bahram Assadollahzadeh @bahram_assad]

@wholemars Those proposing idealistic communist ideas should read a book or just observe history. But since they are unlikely to do that they should think about how billions of ICE cars should be replaced… and realize that Tesla is a very promising solution.

[Bahram Assadollahzadeh @bahram_assad]

@TSLAFanMtl I am constantly surprised that people are surprised by businesses adapting to circumstances.

Still will be challenging to make it work but Tesla is relatively good at solving challenges 😀

[Bahram Assadollahzadeh @bahram_assad]

@TSLAFanMtl 1) Businessmen don‘t predict the future, they build it.
2) businesses go through cycles, one cannot control everything.
3) It‘s much easier to criticize than to create value.

[Bahram Assadollahzadeh @bahram_assad]

@wholemars A big Tesla and Elon fan myself. But I don’t understand why the Tesla community tries so hard to tell the world how great a company Tesla is. I would much prefer if people underestimate Tesla and the stock price continues to drop so we who understand can buy more at lower prices

[Bahram Assadollahzadeh @bahram_assad]

@elonmusk @SawyerMerritt and the pricing strategy can be improved as well. Price should be based on value not cost and pricing including FSD should be predictable

[Bahram Assadollahzadeh @bahram_assad]

@alex_avoigt I am curious, how would Tesla restrict the use of FSD for Robotaxi use if FSD subscribers joined a non-Tesla Robotaxi network like UBER?

[Bahram Assadollahzadeh @bahram_assad]

@jk_rowling 🤣🤣🤣 I have not read your books but your reply got me hooked! Reality has indeed become unreal …

[Bahram Assadollahzadeh @bahram_assad]

@elonmusk
Larry Goldberg‘s thoughts for bringing FSD to the masses are very intelligent and important: https://t.co/auFrstHJzY

[Bahram Assadollahzadeh @bahram_assad]

@alex_avoigt FSD is unbelievable already and will become shockingly good!

But the more important question is how long it will take for others to have something nearly as good with the help of Nvidia? And what that might mean for FSD margins?

Anyone: Why will FSD be high margin in 5-7 Y?

[Bahram Assadollahzadeh @bahram_assad]

@elonmusk @alex_avoigt The more important question is how long will it take for the competition to have something nearly as good with the help of Nvidia? And what that might mean for FSD margins?

FSD is an unbelievable accomplishment already and will become shockingly good!