Date: Thursday, April 9, 2026
Time: 7:30pm, Pacific Time
Duration: Projected 60 minutes (might go a little late this time – I won’t be offended if you clock out after an hour).
Where: Zoom (Registration)
Frequently Asked Questions:
Q: What are you doing?
A: Portfolio review over the past 15 months since I have done this. The Big Picture. AI revelations. Prognostications. And finally time permitting, Q+A. Please feel free to ask them on the zoom registration if any questions.
Q: How do I register?
A: Zoom link is here. I’ll need your city/province or state and country, and if you have any questions in advance just add it to the “Questions and Comments” part of the form. You’ll instantly receive the login to the Zoom channel.
Q: Are you trying to spam me, try to sell me garbage, etc. if I register?
A: If you register for this, I will not harvest your email or send you any solicitations. Also I am not using this to pump and dump any securities to you, although I will certainly offer opinions on what I see.
Q: Why do I have to register? I just want to be anonymous.
A: I’m curious who you are as well.
Q: If I register and don’t show up, will you be mad at me?
A: No.
Q: Will you (Sacha) be on video (i.e. this isn’t just an audio-only stream)?
A: Yes. You’ll get to see me, but the majority will be on “screen share” mode with MS-Word / Browser / PDFs as I explain what’s going on in my mind as I present.
Q: Will I need to be on video?
A: I’d prefer it, dress code is pajamas and upwards.
Q: Can I be a silent participant?
A: Yes.
Q: Is there an archive of the video I can watch later if I can’t make it?
A: No.
Q: Will there be a summary of the video?
A: A short summary will get added to the comments of this posting after the video – assisted by Zoom AI because I can’t think for myself anymore and need to let the computer do it!
Q: Will there be some other video presentation in the future?
A: Most likely, yes. Hopefully sooner than in 16 months.
Whoops, saw this a day late; next time!
4 of you showed up out of 10 registering (1 was polite to give me advance notice of not attending):
Zoom AI summary (SACHA: not all of this is true, read with caution!):
AI Market Trends Discussion
Sacha hosted episode 30 of Late Night Finance, discussing AI developments and market trends. He began with “amusement of the day,” mocking a claim about the CIA using AI technology to find heartbeats in a crashed jet in Iran. Sacha then highlighted the significant price increase in RAM due to AI demand, noting that 16GB RAM had risen from $60-$80 to $300 per stick. The discussion touched on how such price dislocations in cyclical markets, including commodities like RAM, can signal market attention and potential investment opportunities.
Investment Analysis and Portfolio Review
Sacha discussed his investment analysis of Micron, noting its high market cap and recent earnings growth, while expressing caution about potential market cyclicality similar to past events in the RAM and lumber industries. He reviewed his portfolio performance in 2025, which underperformed major indices, and highlighted both successful and unsuccessful investment decisions, including exits from Corvel and TELUS International, and missed opportunities with Laurentian Bank and Eguana. Sacha also shared his recent portfolio adjustments, including trimming oil and gas positions after Middle East events and adding to positions in Magellan and Corvel.
Lumber Market and AI Tools
Sacha discussed the current state of the lumber market, noting its challenging conditions due to industry shutdowns and reduced supply, but seeing potential for significant price spikes if demand increases. He shared his investment performance in Q1 and highlighted his use of AI tools like Claude to automate tasks, including a fitness class registration system and insider trading report monitoring. Sacha also explored the capabilities and limitations of AI, sharing his experiences with AI “psychosis” and the importance of critically evaluating AI-generated information. He concluded by demonstrating Claude’s ability to analyze and extract data from old computer files, showcasing the tool’s potential for handling complex tasks.
AI’s Impact on Investment Decisions
Sacha discussed his concerns about AI’s impact on investment decisions, noting how AI tools like ChatGPT and Claude can provide incomplete or misleading analysis when processing company documents. He highlighted examples like Molina Healthcare being kicked out of the S&P 500 and suggested that over-reliance on AI for investment analysis could create opportunities for investors who can identify when AI recommendations are flawed.
Might you consider a switch to “Medium Night Finance” or “Early Night Finance”? The sessions simply go too late for those of us on the east coast. A 9 pm EST start-time would be greatly appreciated and I suspect registration and attendance would explode. The content is great, but the timing leaves much to be desired.
Another option: convert to podcast format.
I wonder if Claude is able to make airport delays just a little bit more predictable (exactly the reason why I missed the call…)
Hi Sacha, is there any way I can subscribe to your blog so that I get get notification for your new post?
I used to have a mailing list many years ago for new post notifications but some technical glitch prevented it from working and I just removed it all. I might try setting one up again.