Hi friends,

💡 Investing Doesn’t Have to Be Complicated, R2R is built on simple, time-tested principles:

✅ Focus on high-quality assets
✅ Keep a Margin of Safety
✅ Use options with intention
✅ Stay patient, let time and compounding do the heavy lifting

• No stock trades this week • Closed Google puts for profit

Steady, intentional, exactly how I like it.

This was a quieter week in my portfolio, but a noisier week in the headlines. And moments like these always remind me:

Market noise doesn’t determine long-term returns. Behavior does.

I don’t react to every bump in the road. I manage risk, harvest cash flow, and keep my attention on long-duration assets where time is the tailwind, not the enemy.

If prices pull back into my “strike zone,” I’m happy to accumulate. If they chop sideways, my options generate cash flow. If they rally… I’m already in the boat.

If nothing happened, I’m reading……and golfing……

🚗 Tesla (TSLA)

1. Strong November Sales in China + Record Year in Norway

Tesla posted healthy November results in China and achieved record annual sales in Norway with over 30,000 registrations.

My Take: These pockets of strength counterbalance weakness elsewhere. In a year where U.S. and European sentiment is mixed, China and Norway show that Tesla still commands loyalty in high-penetration markets. This matters because:

Not exciting headlines, but important fundamentals.

2. Holiday Update 2025 + Autonomy Exhibition in Miami

Tesla rolled out software version 2025.44.3 and announced an autonomy-focused exhibition during Miami Art Week.

My Take: This is classic Tesla: blend software, product storytelling, and brand momentum. For the thesis, it reinforces:

Execution still matters, but the direction is unmistakable.

3.Michael Burry Issues a Valuation Warning

Burry called Tesla “ridiculously overvalued,” highlighted CEO compensation dilution risk, and criticized the shifting bull narrative.

My Take: Burry is early more often than he’s wrong. And his criticism deserves honest reflection:

My approach? Acknowledge the risks, size accordingly, hedge where necessary, and let time reveal truth from noise.

🌐 QQQ / Nasdaq 100

1. Soft CPI Sparks Rate-Cut Optimism

The CPI print beat expectations, lifting the probability of a December rate cut to 95%.

My Take: Perfect backdrop for tech:

Good news but not an “all clear” signal. Inflation isn’t fully defeated.

2. Nasdaq’s 250th Anniversary Event with the SEC Chair

Adena Friedman and SEC Chair Paul Atkins discussed innovation, capital formation, and market structure improvements.

My Take: A subtle but meaningful signal: The regulatory tone toward tech remains constructive. This supports QQQ’s long-term leadership in next-gen industries (AI, cloud, biotech).

🐉 Tencent

1. AI Advances in 3D Modeling & Long-Form Content

Tencent showcased major strides in generative 3D models and AI-powered content creation.

My Take: Tencent keeps proving it’s more than just social + gaming. Its AI investment cycle mirrors early-stage cloud infrastructure buildouts in the U.S., big capex now, high-margin monetization later.

This strengthens the case for rerating.

2. U.S. DoD Expands Review of Chinese Tech Firms

Peers like Alibaba and Baidu were reportedly flagged for deeper military-affiliation scrutiny.

My Take: Geopolitical risk remains the discount that never disappears. But Tencent’s fortress-like domestic ecosystem (WeChat, Payments, Mini-Programs) gives it insulation others lack.

Long-term, diversification into Southeast Asia + AI self-reliance balances the risk.

 William | Relax to Rich Club

Thanks for reading, see you next week.

I am not a licensed financial advisor, and the information shared here reflects my personal investment decisions and opinions only. This content is for informational and educational purposes and should not be construed as financial, investment, or trading advice. Past performance is not indicative of future results. Investing involves risks, including the potential loss of capital.