About TheOldEconomy and its author
I am Mihail, a market participant, reader, and writer.
Helping adventurous investors find asymmetric Alfa ideas in obscure market niches by cutting the noise from the signal | Ask me about shipping, mining, energy, and banking
The problem
The majority of investors are focused on the most popular companies. However, that comes with a drawback: day by day, there is less Alpha to extract from those markets.
The markets are becoming more efficient, especially in the most liquid stocks, the Red Ocean. This means there is less Alpha per market participant to harvest. We must look elsewhere, to the Blue Ocean, where Alpha resides.
This means dissecting overlooked and even hated ideas. Old-economy industries like shipping, mining, banking, and energy come to mind.
My goal is to democratize Alpha by enabling everyday investors to invest in old-economy businesses. Two preconditions must be met: top-notch quality at a competitive price.
Sounds tempting. How to get in?
I bring four options to the table:
Free Membership
Every week, I publish an article dedicated to investing. The main focus is old economy industries: energy, shipping, mining, and banking. Despite that, I cover variable topics, from industry primers and region discussions to “how-to” articles and philosophical essays.
Monthly Membership
As a monthly subscriber, you receive:
A deep-dive report on an equity idea
Access to my TheOldEconomy portfolio
Sunday portfolio updates
Occasional write-ups on everything investing
Annual Membership
For 50% cheaper than subscribing monthly, you receive:
12 deep-dive reports
Access to my TheOldEconomy portfolio
Sunday portfolio updates
Occasional write-ups on everything investing
Preferential terms on Pro Membership
TheOldEconomy Pro Membership
This subscription is for hardcore retail investors, fund managers, and institutional investors. If you seek exposure to niche themes like shipping, emerging markets, and mining via options, fixed-income, and equity, a Pro Membership is for you.
It gives access to Annual plan perks: monthly deep-dive reports, TheOldEconomy portfolio, Sunday updates, and extra write-ups. In addition, Pro members get:
Quarterly industry deep dives: Every quarter, I provide a comprehensive analysis of an industry and/or region I consider attractive from an investors' standpoint. Depending on market developments, I cover 3 to 5 themes.
One non-equity monthly pick (fixed-income and options plays): once a month, I deliver a report covering sovereign debt, distressed debt, or LEAPS calls plays.
The Barbell portfolio. That portfolio is based on the barbell approach and is built on options and fixed-income instruments.
If you are interested in niche ideas, fixed-income securities, and options, consider TheOldEconomy's Pro subscription plan. Let’s hop on a call to discuss esoteric ideas, investing tools, and risk management.
You can try a one-week free trial to get an idea of what Pro membership is like. Send a shout via DM or email (office@investo.bg).
All good, but can I take a test drive?
Yes, of course. Please visit the Test Drive section. It answers the question: What will I miss if I do not become a paid subscriber?
In the Test Drive section, you will find the following:
Pro Membership: The Barbell Portfolio showcase and discussion
Pro Membership: Quarterly deep dive: PGM market 1Q24 and Capesize bulkers 2Q24 review.
Pro Membership: September Beyond equity report
Annual Membership: reports representing the monthly stock picks you will receive once per month. Check out: Seatrium Limited and First Quantum Minerals report.
Annual Membership: My portfolio and my investing approach explained in five points.
Mihail in other media
You can take a look at my work for Seeking Alpha and Emerging Real Estate Digest. Take a peek at the links below:
My articles for Emerging Real and Emerging Business:
Milei’s Historic “Pacto de Mayo” to Revive Argentina’s Economy and Real Estate Market
Navigating the Platinum Market: The Role of South Africa's 2024 Elections
My reports for Seeking Alpha:
Afya: Asymmetric Bet On The Solid Brazilian Demography And A Great Business
Denison Mines: Top Projects, Robust Balance Sheet, And Deeply Undervalued
BBVA: Macro Bet On Turkey And Mexico's Growth Potential For Income-Minded Investors
Agnico Eagle: Asymmetric Bet On Gold With Capped Downside Using LEAPS Options
Everything described in this site, TheOldEconomy.substack.com, has been created for educational purposes only. It does not constitute advice, recommendation, or counsel for investing in securities.
The opinions expressed in such publications are those of the author and are subject to change without notice. You are advised to do your own research and discuss your investments with financial advisers to understand whether any investment suits your needs and goals.
