What TheOldEconomy is all about? [START HERE]
Get the most value from your TheOldEconomy membership
Know thyself.
Investing is simple but not easy.
I'd rather be certain of uncertainty than uncertain of certainty.
When and how much to buy matters more to the bottom line than what to buy.
I prefer to be a good enough analyst and an excellent risk manager rather than a brilliant analyst and a mediocre risk manager.
Those five sentences embody the philosophy behind TheOldEconomy.
In short, TheOldEconomy is all about quality and execution.
Quality and Execution Reign Supreme
Does the information quantity mean a superior analysis, hence profitable trades?
Definitely, not.
We don't need all the information. We need the right information at the right time.
It sounds like an easy task, but it is not. As investors, we face three common obstacles:
Too much noise and not enough signal.
Too much hype and not enough sanity.
Too many ideas and not enough execution.
Overwhelming information flow suppresses the signal. Emotionally charged bytes make us blind to our own blindness.
Furthermore, we neglect the most vital aspect of investing: risk management. In other words fail to execute our ideas in the best way possible, considering payoffs and odds.
Neglecting execution is like multiplying by zero.
TheOldEconomy’s goal is NOT to make you addicted to its content nor to devour your time reading countless reports, assuming that it will deliver Alpha. Instead, its objective is:
Deliver Alpha while saving your time.
TheOldEconomy’s means to an end are:
The right information at the right time
No fluff, just actionable ideas
Meticulous execution
Do you want to be drawn into the informational tsunami and keep disregarding execution, or do you crave change?
If you want to be on the other side, where the informational quality reigns and execution is king, the next paragraphs are for you.
Let’s start with TheOldEconomy’s portfolio performance?
TheOldEconomy Portfolio Performance
Since January 2023, TheOldEconomy portfolio has delivered a 110.9% total return (36.2% CAGR). Annually, the performance is distributed as follows:
2023: 21.3%
2024: 53.05%
2025 YTD: 13.6%
The portfolio is quite eclectic, comprising a uranium miner, LPG carriers, Latin American banking, and a PGM play. Most importantly, the book includes all the essential execution data, such as size, stop-loss, take-profit, and notional value.
Alpha is a function of quality and execution. They are my guides in ever-changing markets. Yet the guide is not the strategy.
TheOldEconomy Grand Strategy
I consider investing a three-dimensional activity. It is an intersection between market, strategy, and instruments. In other words, this is the Old Economy’s Grand Strategy.
Shipping, mining, and energy, plus LatAm; thematic bets, litigation cases, and distressed debt; equity, bonds, and options—that’s it. This is my investing process from a bird's-eye view.
If you like to venture into arcane corners of the market with the ultimate objective to harvest Alpha TheOldEconomy has something for you.
TheOldEconomy Membership Plans
TheOldEconomy plans mirror my investing process:
Exploration Phase: sniff through regions and industries for attractive thematic bets.
Research Phase: deep dive into a few names that offer lucrative asymmetry and attractive probabilities.
Strategy Phase: put everything together in an actionable portfolio where the whole is greater than the sum of its parts.
With each step, the value added grows. Stage one focuses on idea exploration, stage two on deep research and execution on individual position, and stage three on comprehensive strategy at a portfolio level.
Explorer: Expand your investment horizons with alternative ideas every week. As an Explorer, you’ll unlock insights into under-the-radar markets like shipping, mining, energy, and Latin America, broadening your options and sparking new opportunities, all at no cost.
Researcher: Go beyond ideas- turn them into action. As a Researcher, you receive two in-depth, actionable deep dives each month: one equity and one fixed income pick. Each report is packed with thorough analysis, clear valuations, and step-by-step execution guidance, empowering you to invest confidently. As a Researcher, you gain access to all Explorer perks.
Strategist: Integrate every insight into an actionable portfolio. As a Strategist, you gain access to TheOldEconomy portfolio, combining all research, trade execution, and portfolio management in one place. As a Strategist, you gain access to all perks for Explorer and Researcher.
If you feel tempted, take a look at the link below. Become a Researcher or Strategist to unlock your investing edge.
Do not miss the opportunity to elevate your investing process with TheOldEconomy memberships.
What TheOldEconomy Readers and Members Are Saying
Hardcore retail investors, fund managers, and institutional investors are among readers and paid members. Let’s examine what they say about TOE.
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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.