Psychology, Value, and Data: How Santiago Santos Navigates The Markets

Psychology, Value, and Data: How Santiago Santos Navigates The Markets – 1000X

Market views

Bullish

BTC— Bitcoin and stablecoins provide a killer use case for cross-border remittances, moving money faster, better, and cheaper than traditional systems. This use case will continue regardless of Bitcoin's price.
NVDA— Stan Druckenmiller recommended going long NVIDIA at the SOME conference in 2021, which Santiago cites as an example of a simple, non-clever investment that performed exceptionally well.
SERVICES— Software is becoming obsolete and commoditized due to AI, while services are becoming more important and valuable. Professional services attached to software will be critical.
HARDWARE— Hardware is making a comeback as AI automates software processes. People in tech industries are saying hardware is back.
POWER— Critical power infrastructure (generators for hospitals, schools, hyperscalers) is federally mandated, has contracted recurring revenue, and is mission-critical regardless of market conditions. The grid is not improving, increasing demand.
ENERGY— Energy infrastructure is AI-resistant and will remain necessary regardless of AI developments. Compute requires energy, creating sustained demand.
PHARMA— Pharmaceutical companies with proprietary datasets will benefit from AI-driven drug discovery. AI can make cross-domain connections that individual scientists cannot, accelerating innovation.
AIMODELS— AI breaks through academic barriers and ego-driven research, enabling truth-seeking and drug discovery without the defensive posturing of traditional scientists protecting their theories.

Bearish

SOFTWARE— Software is becoming obsolete and commoditized due to AI. Traditional software companies without professional services will struggle with lower margins.
REMITTANCE— Remittance companies have weak unit economics, no pricing power, and are fragile businesses. They act as intermediaries while agents and fulfillment partners capture value. Even with stablecoins, the transformation potential is insufficient.

Not investment advice.

Mentioned

Market views