Deiya Pernas, co-founder of Pernas Research, has crushed the market and compounded at over 30% since he and his partners began tracking their portfolio in 2017. In this interview, Deiya examines 10 key micro and macro questions that he believes could be the key to continued outperformance in 2026, including questions around SaaS spend, white collar hiring, home buying in a lower rate environment, consumer spending trends, and more.
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Timestamps:
00:00 Introduction
01:14 Key Market Questions for 2025
02:19 The SaaS Apocalypse and Disruption Risks in SaaS
05:03 Investment Strategies and Mean Reversion
11:17 AI's Role in SaaS and Portfolio Construction
13:53 Structural Changes and Consumer Behavior
18:13 SEO and Commercial Search Intent
23:14 Small Companies and Market Trends
27:19 Investment Philosophy and Risk Management
29:34 Remitly: A Case Study in Investment
32:46 Stablecoins and Remittance Payments
36:39 Challenges for Crypto Adoption in Remittances
38:30 Understanding Migrant Financial Behavior
39:41 Consumer Spending Shifts Post-2020
42:25 Housing Market and Economic Indicators
44:26 Brand Equity and Consumer Discretionary Investments
49:36 The Influence of Social Media on Sports Spend
56:57 Commercial Travel and Office Return Trends
01:05:31 Cybersecurity: A Growing Investment Focus
01:07:56 Conclusion
