Sell SAP by Nov 5, 2026.

Earnings season is almost over. I am wondering what your main takeaways, surprises (positive or negative), and maybe lessons were. Personally, I have a hard time committing to any company for which the main narrative (justified or not) turns around AI-narrative. The market reaction, expectations, and companies' strategy to answer a longterm vision around these uncertainties make me a bit uncomfortable. So force upon myself to have a big margin of safety - meaning I missed quite a few opportunities. …