Let’s address the elephant in the room: what the heck happened in 2025? Like in any single year — things happen — portfolio companies miss earnings, things go wrong, fear is produced and shake outs happen. But to be fair, this was an especially tricky year for a number of reasons — but really only...Read More

Dear Client,As part of our annual compliance process, Based Capital Wealth LLC is notifying all clients that our Form ADV Part 2Aand our Privacy Policy are available for your review.Please note that there have been no updates to Form ADV Part 2B since your last receipt.If any future changes to Part 2B occur, we will provide those to you promptly...Read More

Congratulations my hamburger eating Americans. We got past the holiday for gourmands and into the thick of it, America’s true pastime: spending inordinate amounts of dollars on junk to later fill the garage, stored in neatly packed clear bins. We managed well, +81bps, fully invested. I just had some leftovers and am watching Ken Burn’s...Read More

As many of you know, I am a master chef. I am taking a short break from mastering dressings, Mac n Cheese (traditional French recipe) and a large brined turkey to post a chart of returns for the market per decade. It really does an eloquent job of smoothing things out and offering perspective.Interpret it...Read More

Lads, Lassies, The Turkey Gods did not disappoint. We managed +96bps in relatively calm trading. There was the olde late day COLLAPSE, as is customary in almost every single session now. But aside from that, all is well.The Stocklabs algos just skyrocketed to overbought territory, but the data is strong for continuation.5 year backtest on...Read More