Black Capital First Thoughts

Hello Readers,

My name is Hunter Blaize Smith and this report is not a fancy one. Today I'm laying out my plans for the future.

Black Capital is a hedge fund I intend to start and grow into a multi-trillion dollar business. I'll skip the personal history for now and instead draw your focus to Black Capital LP.

My goal is to work my way up to $780,000 revenue by next year. When the time comes for my tax advisors to implement a corporate structure to handle my trading account - Black Capital LP will begin. As of right now, Black Capital is non-existent. Simply a plan for the future.

I have been trading stocks & options contracts for well over half a decade now. I know the market like the back of my hand. I made my first $100,000 at the age of 19 ($50,000 of those dollars came from an underpriced oil company in the stock market.)

I discovered a few anomolies (or should I say recognizable patterns) that I have found to be universally predictable. For example, stocks always go up and they always go down - almost equal across both sides of the spectrum.

As I worked my personal portfolio up into the six figures, I came across phenomena most people will never understand. Such as owning 5x the daily trading volume of a stock. For me to navigate positions with such a high budget - I ran into problems only Whales or Hedge Funds will ever see. That is - capital allocation, risk management and time constraints of moving large volumes of capital across the market's network.

Stocks are easy. If you have enough money to beat the market, you can never lose. But stock itself is quite boring. You are bound to strict returns over a slow time period. While I will never knock shares of company's as being a good place to park one's money - I do find it to be boring as hell. I like the market. I like the volatility. I enjoy the highs and lows, in massive quantities.

Stocks don't cut it. They're also not tangible. You own nothing. Just a fictitious piece of paper that says if you sell, for a profit - you owe taxes and if the company has to liquidate you are owed x amount. Boring and non-tangible.

I'm not a huge fan of physical assets either. Maintenance, upkeep, storage space, legal jargon. Fuck physical assets. Digital assets hold no weight either and only move according to the next new fad.

I have come to realize I like the simplicity of trading. Money in, money out. The ultimate business. At the end of the day, the only reason the average person jumps through hoops, sits in traffic or clocks into the office is to get money in. If they're good enough at that, they might try their hand at watching the money out. But rarely are people disciplined enough to do one or the other or even both.

So trading is where it's at. Especially as a "business owner" which is how I treat my portfolio. There are many green days and many red days, but I as a business owner need to understand every day. If we broke the bank, it's my responsibility to understand why. If i wiped the account, I need to know how it happened. To understand the past is to understand the future.

Welcome to Black Capital. I'll be back.

Hunter Blaize Smith

(Future Executive Chairman)