
The Tailwind by Windmill Capital Archives - smallcase

Windmill Capital covers 5 major stories from 2025 along with other updates like rebalance, defence modernization & gold flipping 18Y narrative

A year in review of the ideas, questions, and frameworks that shaped our thinking on markets, behaviour, and investing in 2025.

Returns rely on Strategy & Holding Period, not just stocks. Read blog to see why patience wins.

Why don't we share company specific reports? Our aim is to shift the conversation from “Which stock?” to “Which strategy?” Read more about our approach here.

Windmill Capital covers 5 stories from October: market resurgence, record IPOs, global challenges, corporate resilience and the wild swings in gold & silver and more.

Everyone’s hyping AI in investing, but what’s real and what’s smoke? Windmill Capital breaks it down in this article.
