Partner, RV Capital (Business Owner Fund)
3 dated public stances tracked since 2023-01-14, most recently 2023-01-14. Each line carries the date and the venue it came from; quotation marks mean verbatim. Methodology.
The stances below are c8alpha's editorial distillation of Andreas Lechner's public commentary — television, podcasts, and interviews — compiled by automated transcript analysis and dated to the episode they came from. They may lag the speaker's current view and may contain extraction errors. Text in quotation marks is verbatim from the episode; everything else is our paraphrase. Andreas Lechner is not affiliated with c8alpha and has not endorsed this page. Nothing here is investment advice.
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Raw direction-aware returns on public statements — long calls credited when the price rose, shorts when it fell, shorts capped at −100% — in a rising market this mostly measures who was long, not who has skill. Returns run from the stance date; calls are rarely closed publicly, so fixed 90-day / 180-day / 1-year horizons are used. A horizon shows only once it has fully matured, and only at 5+ scored stances. “% correct” is the share of those scored calls whose direction-aware return was positive at the horizon — in a rising market a bullish call is correct by default, so read it beside the market, not alone.
Scored calls
Every tracked call with at least one matured horizon: the rows behind the Returns
line above. A dash is a horizon that has not matured yet.
| Date | Name | Call | 90d | 180d | 1y |
|---|
| 2023-01-14 | MSFT | bullish | +19.3% | +43.2% | +63.8% |
| 2023-01-14 | META | bullish | +63.6% | +131.5% | +171.5% |
| 2023-01-14 | CRM | bullish | +31.1% | +55.2% | +81.3% |
Most-argued themes
| Theme | Stances | Lean | Mix | Last |
|---|
| CRM | 1 | | 1 bullish | 2023-01-14 |
| META | 1 | | 1 bullish | 2023-01-14 |
| MSFT | 1 | | 1 bullish | 2023-01-14 |
Tracked stances
bullish / bearish is a view they argued; owns / short is a position they said they hold.
2023-01-14
META
bullish
Dennis Hong · video
Meta is rebuilding its advertising stack using AI capabilities on par with OpenAI's, and ~$70B in combined prior-year data-center investment is being deployed specifically for video tagging and ad-matching — the results will show in the next year
“I'm quite optimistic that something great will grow out of that”
90d +63.6% · 180d +131.5% · 1y +171.5%
How has RV developed in 2022? Andreas Lechner & Rob Vinall give answers at the yearly investor Q&A
2023-01-14
CRM
bullish
Dennis Hong · video
Salesforce's underlying growth and competitive position are intact — revenue slowdown reflects macro and FX headwinds (now fading), not structural decay — and the verticalization strategy should structurally lift operating margins well above current levels
“I also like Salesforce verticalization strategy I think this could lead also to much higher margins”
90d +31.1% · 180d +55.2% · 1y +81.3%
How has RV developed in 2022? Andreas Lechner & Rob Vinall give answers at the yearly investor Q&A
2023-01-14
MSFT
bullish
Dennis Hong · video
Microsoft's intrinsic diversification across Windows, Office, Azure, LinkedIn, and gaming means it counts as multiple positions in a concentrated portfolio, yet institutional managers avoid it because it is 'too simple' to justify fees — paradoxically…
“I think that by itself creates inefficiency in such names”
90d +19.3% · 180d +43.2% · 1y +63.8%
How has RV developed in 2022? Andreas Lechner & Rob Vinall give answers at the yearly investor Q&A
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