The Hermit | Alejandro Yela | Substack

Welcome | The Hermit's Protocol (Start Here)

The Research Exhaust of an Active Hedge Fund

Mar 9, 2025 • Alejandro Yela

📈 Investment Thesis

Crocs Inc. $CROX – Clogging Up the Bank

Buybacks, Deleveraging, and Hidden Earnings Yield of the Polarizing Ugly Shoe Giant

Apr 2 • Alejandro Yela

Modular Medical Inc. $MODD – Simplified Diabetes

Why a Hedge Fund Manager Took a $1 Salary to Force a Billion-Dollar Exit

Feb 18 • Alejandro Yela

Aurora Spine Corp. $ASG – Breakthrough in Spinal Surgery

Conviction Bet on the Next Wave of Minimally Invasive Surgery

Jan 25 • Alejandro Yela

Atlas Engineered Products $AEP – Truss(t) the Process

Structurally Sound Fundamentals in a Canadian Consolidation Play

Nov 26, 2025 • Alejandro Yela

Omni-Lite Industries $OML – Manufacturing Precision Components

Inside the Making of a Multi-Division Aerospace & Defense Powerhouse

Oct 28, 2025 • Alejandro Yela

💡 Pick of the Week

Trust Through Transparency. A Serial Optimizer’s Playbook

PoW Update. Preparing for our China trip, our Quarterly Call, and the mission to scale trust.

Apr 10 • Alejandro Yela

75% Recurring Revenue + 75% Upside = A Predictable Winner

PoW (#29) Turning Legacy Niche into High-Margin Gold

Apr 4 • Alejandro Yela

The Ben Graham Play in a TikTok World

PoW (#28) Buying the Real Estate and Getting the Brands for Free.

Mar 28 • Alejandro Yela

Trading at 0.4x Book Value; The Master of the Exit

PoW (#27) Why a legendary management team and a Tier-1 copper deposit are trading at a junior discount.

Mar 25 • Alejandro Yela

Join The Hermit

💼 The Hermit Portfolio

03/26: Something Rotten in the Strait of Denmark?

Portfolio Update. Navigating the O&G Price Trap + Our Move to Stage Two of the Fund

Apr 8 • Alejandro Yela

02/26: Uncorrelated Returns

Portfolio Update. Record earnings, geopolitical drama, and navigating the volatility.

Mar 4 • Alejandro Yela

01/26: Navigating the Precious Metals Surge

Portfolio Update. How manufacturing expansion and energy price floors are shaping our strategy for 2026.

Feb 4 • Alejandro Yela

12/25: Why We Just Bought 1%+ of This Small-Cap

Portfolio Update. Downloadable audited returns, a new high-conviction trade, and more...

Jan 7 • Alejandro Yela

🧗 Our Investing Journey

Hedge Fund Manager Deconstructs Anthropic’s Myth(o)s

OIJ (#45) Decoding the $30bn Hype: Is Mythos a genuine breakthrough or a pre-IPO marketing masterclass?

Apr 15 • Alejandro Yela

Klarna = Anti Capitalism

OIJ (#44) Why the world’s most popular budgeting tool is a mathematical trap for your future

Mar 7 • Alejandro Yela

How Low Can It Go? Bitcoin (BTC) Unit Economics

OIJ (#43) We audited the cost structures of the lowest-cost producers to find the hard floor

Feb 11 • Alejandro Yela

2026 Outlook: 5 High-Stakes Prediction

OIJ (#42) Intellectual honesty is our only currency

Dec 31, 2025 • Alejandro Yela

How and Why We Discard 99% of Companies

OIJ (#41) Stop trying to make the math work. Start demanding a 15% yield.

Dec 17, 2025 • Alejandro Yela

🎯 Priority Briefs

Update: Capital Raise, Redemptions, and Deal Pipeline

Prio Brief (#6) Building the Next Great Compounding Engine

Apr 18 • Alejandro Yela

Oil at $100+? A Hedge Fund Insider’s Survival Guide

Prio Brief (#5) A Masterclass of Select Companies in the Oil and Gas Space.

Mar 18 • Alejandro Yela

Aurora ($ASG) Unpacking the Debt Deal & Equity Kicker Options

Prio Brief (#4) Making Sense of the Three Debt Deal Alternatives (plus bonus information)

Feb 25 • Alejandro Yela

17:47

Aurora ($ASG) Regenerative Revenue Growth Profiles

Prio Brief (#3) Video Update | Evaluating the Platform Expansion & Aggresive High-Margin Revenue Targets

Feb 8 • Alejandro Yela

🎙️ Interviews

49:06

How to Value a Tech Company: $RDVT Excel Valuation Masterclass

Mastering the key metrics and DCF mechanics that define professional equity analysis.

Apr 22 • Alejandro Yela

Mining Expert Talks Copper, Batteries, Tungsten, and Critical Minerals

Listen now | Adrián Godás on the "fake" shortages, African mining opportunities, and why Chinese refining dominates the supply chain

Jan 17 • Alejandro Yela

1:02:52

Is the Market Wrong on Warner Bros? A Joint Deep Dive w/ Yegor

Watch now (75 mins) | A recording from Alejandro Yela and Yegor's live video

Dec 24, 2025 • Alejandro Yela and Yegor

1:14:37

Full CEO Interview | 55% FCF margins | 26% ROE

PoW (#11) Laser Focused Monopoly

Nov 7, 2025 • Alejandro Yela

🎙️ Raketech - Business Model Overview w/ CEO Johan Svensson and CFO Måns Svalborn

Breaking Down Raketech’s Niche Marketing Winning Formula: Business Insights from Svensson & Svalborn

Dec 23, 2024 • Alejandro Yela

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