The Tiny CIO

CIO of the smallest family office in the world. Investing across equities and alternatives with an endowment mindset.

[The Tiny CIO @thetinycio]

I run the smallest family office in the world. Investing across equities and alternative assets (except private equity - prove me wrong) with an endowment mindset. Read monthly portfolio updates and thematic research at https://t.co/ud7oFR7H48. Always happy to exchange ideas.

[The Tiny CIO @thetinycio]

@Investor_NICK_ It’s just multiple compression in many areas of the “quality” bubble. Great company would love to buy but probably will never do so at 20x.

[The Tiny CIO @thetinycio]

@longriverCM Many ??? behind this move but I trust Greg Abel 100% and so does WB.

[The Tiny CIO @thetinycio]

Every single day semiconductors are up while the rest of the market is red. Incredible.

[The Tiny CIO @thetinycio]

@unusual_whales We’re close to AGI. What an incredible feature.

[The Tiny CIO @thetinycio]

@MikeFritzell “It just looks so expensive now because it’s mainly composed of asset light businesses pouring billions into assets like data centers.”

[The Tiny CIO @thetinycio]

@DividendDaddy1 @stats_feed People with kids fund the future payers of pensions, there is no disadvantage for people without.

[The Tiny CIO @thetinycio]

@sparbuchfeinde Die 7% sind schon abzgl. Inflation, nominal sind wir eher bei 10% über 20 Jahre+.

[The Tiny CIO @thetinycio]

@MichaelAArouet Real estate in rural areas? Absolutely. In cities and areas around them? Absolutely not.

[The Tiny CIO @thetinycio]

@taobanker Quality compounders

[The Tiny CIO @thetinycio]

@sparbuchfeinde Man könnte auch einfach eine Flattax von 20% auf alles erheben und anschließend sämtliche Abschreibungsmöglichkeiten usw. streichen.

[The Tiny CIO @thetinycio]

@irbezek It’s easier to sell beverages than snacks or any of the other products.

[The Tiny CIO @thetinycio]

@CDInewsletter @evfcfaddict Kone consolidating the market with their move on TKE which will be good in the long run I guess for both Otis and Kone.

[The Tiny CIO @thetinycio]

Indices are skewed and trading on momentum now. Many good businesses trading at actually quite attractive valuations at the moment.

[The Tiny CIO @thetinycio]

@ReneSellmann Berkshire, Arch Capital, Colgate

[The Tiny CIO @thetinycio]

Smells like 1999…

[First Squawk @FirstSquawk]

Hong Kong-listed firm uses AI to make nano-rockets to deliver life-saving drugs-SCMP

[The Tiny CIO @thetinycio]

Yields do not matter until they do.

[The Kobeissi Letter @KobeissiLetter]

The US bond market crisis is intensifying.

While everyone is focused on AI and the Iran War, the US bond market is in a complete meltdown.

The 30Y Yield is now above 5.00% and the 10Y Yield is nearing the pivotal 4.50% level, which resulted in President Trump's "90-day tariff pause" in April 2025.

Long-term yields are now ABOVE levels seen prior to Fed rate cuts in another brutal reminder that the Fed can not contain the long-end of the yield curve.

At the current pace, we will likely see US mortgage rates rise back above 7.00% this year.

The question then becomes:

How much longer can markets (or the US government) ignore the yield crisis?

And, who folds first?

[The Tiny CIO @thetinycio]

„1. Know what you own - and why“

Probably the best advice in investing but what it means can be so different: some people are happy with a concentrated portfolio of 10 companies they know, some are happy with a standard 70/30 and some are happy with more speculative portfolios.

https://t.co/PuPa4qpBYg

[The Tiny CIO @thetinycio]

Right now I think it’s more a ‘feeling’ about the AI trade, many companies influenced by higher expected AI buildout, and so on. This all combined with lower consumer confidence, higher inflation expectations. Some pockets of the market may be expensive but some are as cheap as they haven’t been in years. I’m still seeing a lot of opportunities.

[The Tiny CIO @thetinycio]

@NotA_Bull PE is a very misleading metric when you evaluate Berkshire. You should think of it rather as a pile of cash plus the stock portfolio plus some portion of the market cap as the operating businesses.

[The Tiny CIO @thetinycio]

@longriverCM Great thesis very easy to understand. It is still amazing how much information is publicly available and still how wrong the market can be in its pricing action.