The Truffle Investor Letter Is Out – And We’re Going Live Tomorrow

Hi everyone,

If you're new here — welcome! I manage the Truffle Portfolio, a private managed account for a select group of clients. Every quarter, I write an investor letter to share how I’m thinking about the markets, what I’m investing in, and why.

Even though these letters are written for investors, I believe anyone interested in business, investing, or markets will find value in them.

The 1Q25 Truffle Portfolio Investor Letter is now live:
👉 https://investwithpete.co/fund-letters

I was supposed to send it earlier this month, but just as I was wrapping it up, Trump’s tariffs hit — and everything changed. So I rewrote the entire letter to reflect the new market reality.

Inside, I cover:

• Why I don’t believe the U.S. and China will spiral into economic collapse

• Why I think “there is no second best” when it comes to global investing

• And the one aerospace company quietly dominating its niche

📺 And if you’d like to hear me walk through all this live – come join me for a public livestream tomorrow (Thursday) at 9PM.
I’ll be talking about the markets, portfolio positioning, and what I’m buying right now.

🔴 Join the livestream here:
👉 https://www.youtube.com/live/QnU4C9u_j30?si=B35Ao6GQV8hJ0yHj

We’ll cover:
🐮 Are we entering a new bull market?
🐻 Or is this just a bear market rally?
💰 What opportunities am I seeing now — and what am I staying away from?

I’d love for you to tune in — whether you’re a seasoned investor or just starting out.
See you live,

Pete
Invest with Pete

🚨‼️ By the way, I’ll never PM anyone on telegram or any other social media platforms. If you receive any “Pete” messaging you, these are scammers impersonating me. Pls beware!

The information provided in this newsletter is for informational purposes only and does not constitute financial advice. Readers should seek their own independent financial advice before making any investment decisions. Please note that while Pete is a portfolio manager, the opinions expressed in this newsletter are his own and do not represent the views of any organization. Always perform your own research and due diligence before investing.