I write this post with the excitement that comes from changes and the beginnings of great projects, to announce the new phase of the Kairoscap project, which started in September 2022 and is now entering a new dimension. After several years as a private investor with very positive results (35% CAGR over the 7 years since I started), and a 2022 where the chosen positioning (complete rotation to energy at the end of 2021) allowed me to achieve a return of >50%, and generated a lot of interest and attention towards my investment style and ideas, I wanted to take it a step further and share my investment philosophy through a Newsletter.
After starting to write a weekly macroeconomic summary and sharing a model portfolio and my initial investment ideas, with a clear value investing approach but also considering macroeconomic catalysts or tailwinds, and seeing the positive reception of the publications, I wanted to go one step further and try to create the leading investment community in the Spanish-speaking world (later I also launched the English version), turning the company analysis and model portfolio section into a private club with a Discord as a modern agora and central hub. The results for 2023, despite a challenging start, as I explained in detail in this article, were equally impressive (~50% in my personal portfolio, which I share on Discord, although it differs little from the model portfolio, differing only in the use of options and slight variations in weights) with a +36% return for the model portfolio, and the feedback and satisfaction of clients have exceeded any expectations.
Currently, the newsletter offers the following services:
Free weekly macroeconomic summary.
Tracking and management of the model portfolio + 1 monthly investment analysis for the private section. Occasional deep dives into specific sectors or themes.
Private Discord where information, ideas, and real-time movements are shared + monthly live sessions to delve into ideas and clarify doubts.
The journey has been spectacular, positioning the publication at number 126 globally in the finance category, but it's time to take it one step further...
Una nueva etapa
Kairoscap joins Locos de Wall Street to create the leading platform for financial education in the Spanish-speaking world. The underlying idea is not only to be the reference investment community but also to provide much more comprehensive market research, leveraging the structure, knowledge, and scale of Locos de Wall Street.
What will this union mean for the publication? The idea is always to add information and features that generate alpha and improve what already works. With this philosophy, we will be adding the following functionalities:
Access to reports from specialized brokers and tools like Bloomberg that will enrich and enhance the tracking of companies and sectors, enabling the creation of much deeper research articles that will enhance the deep dives section of the publication.
A significant increase in the creation of audiovisual content to cover news and developments in greater depth.
The addition of a full-time shipping analyst with an impressive track record (30% CAGR), allowing for deeper and broader coverage of this market segment, including models and updates on the major companies in each segment, quarterly result estimates, and previews. This was one of the areas with less coverage and where I see many opportunities that we can now better exploit.
Incorporation of the talent and knowledge of Locos de Wall Street members into our Discord community.
Creation of a website where the models and research articles generated up to now will be available, along with live sessions for subscribers and real-time updates of the model portfolio.
And what will change compared to what was already in place? Very little. The idea, as I mentioned, is to build upon what already works (thank you all for the feedback you provide) and continue improving in the remaining areas:
What about current subscriptions and pricing? Nothing will change. The price of the service will remain the same (11€/month), and the Substack publication will continue in its current format. It is not only my intention to offer the best service but also to provide it at an unbeatable price.
The Discord community will continue to operate in the same way, with the transparency, rigor, and positive atmosphere that characterize it.
I will continue to be behind all the analysis, including the shipping segment, and managing the model portfolio.
As always, and now more than ever, I remind you that my private messages (and email) are open to address any questions (on this or other topics), and I hope you share my enthusiasm for this journey that is just beginning and, if all goes well, will culminate in the establishment of the best existing research service and investment community.
Albert Millan