🧙♂️ Welcome | Beginner's Guide
Your First Steps on the Hermit’s Path
Welcome to 🧙♂️ The Hermit!
So, you found us in the vast ocean of the Internet. Whether it was a friend’s recommendation, the algorithm, or pure luck, you probably landed on our homepage thinking, "What the **** is this? And where do I even start?"
Here’s our deal. We do one thing really well: We turn over a decade of professional investing experience into actionable insights, saving you time.
Now, regarding that "what the *** is it we do" part, we're one of the few professional hedge fund managers who openly share both wins and losses - no cherry-picking.
We focus on smaller companies, where we can investigate more deeply, challenge the consensus, and uncover insights that others miss.
Better information leads to better results.
Step-by-step process:
Our system isn’t complicated, but it does demand serious time and focus. Finding a single, high-conviction investment isn’t easy.
In fact, we only uncover 2 to 5 truly investable companies PER YEAR. But when we do, we don’t hesitate. We go all in.
Every investment is the result of months of deep research, ensuring we know the business inside and out.
Our 3–6 month process for each company includes:
📊 Financials – We break down the three financial statements.
📑 Filings – We read all the filings, so you don’t have to.
🕵️ Scuttlebutt – We talk to stakeholders, from management to competitors.
📈 Technical – We analyze price action to find the best entry points.
If you want to dive deeper into what we look for, you're in the right place.
Read this to start your journey:
🧙♂️ Tools & About us
At The Hermit, we love simplifying and demystifying complex financial challenges.
But instead of just handing out answers, we believe the real value is in sharing our method and insights because the proof is always in the pudding.
Here are our top three tools for mastering our methodology:
If you’re looking for our easy-to-use valuation tool, you can grab it here.
If you want to dive into the Scuttlebutt method, you're in the right place.
If you’re ready to dive deep into complex valuation, we’ve got you covered.
If you’re still with us and want to learn more about what we do, you can check out our latest podcast collaborations…
… check out our fund…
… or visit our About page.
📈 Investment Thesis
Investment Thesis is a deep dive into standout public companies, breaking down their core mechanics for a timeless, clear-eyed understanding.
The navigation bar details every company we’ve covered. For easy access, check the web version, which lists our companies alphabetically by ticker.
Here are our top five picks:
🍾 Corticeira - [Free] The undisputed cork monopoly, controlling 60% of the global market
🏥 Limes Clinics - [Mostly Free] The world’s most exclusive (and expensive) mental health clinics
🎰 Century Casinos - [Premium] A casino operator that’s 10x’d its capacity in just five years with creative financing
💳 Cardlytics - [Premium] The only advertiser that seamlessly connects banking consumer data with top-tier brands
🧸 The Children’s Place - [Premium] A specialty retailer for kids and infants, now controlled by Saudi Arabia’s second-richest family
💼 The Hermit Portfolio
Hermit Portfolio is a monthly review offering full transparency into our seven-figure portfolio, covering performance, key decisions, and market insights.
Here are our top three picks:
These posts deliver strong added value by providing:
Real-Time Market Moves – A look at actual portfolio changes, showing how to take advantage of market opportunities
Smart Portfolio Strategies – Tips on managing holdings, handling winners and losers, and exiting tricky illiquid stocks
Deep Investment Insights – A detailed breakdown of newly acquired companies, explaining how they work and why they were chosen
Transparency & Accountability – The investments discussed are real and backed by personal capital, not just theory
Independent Thinking – No hype or commercial bias - just honest, research-driven insights to help you make smarter investment decisions
🧗 Our Investing Journey
OIJ is a collection of simplified hard-earned lessons from over a decade of investing experience. Every post is completely free.
Here are our top three picks:
🎙️ C-Suite Interviews
Now and then, the managers of our portfolio companies let us record a session.
In these discussions, we break down the core components of the business directly with the CEOs of the companies we own.
Here are our top three picks:
🙏 Feel free to ❤️ and comment so that more people can discover and enjoy this Substack 😇
The transparency in your portfolio performance is what this industry desperately needs.
This is beautiful. Thank you for the detailed introduction!