The Hermit | Alejandro Yela | Substack

QXO Inc. $QXO - Brad Jacobs’ Next Big Build

A Deep Dive into the Past, Present, and Future of This Bold Building Materials Consolidator

Jul 15, 2025 • Alejandro Yela

💼 The Hermit Portfolio

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

11/25: The Setup Most Investors Miss at Year-End

Portfolio Update. A Major New U.S. Core Position

Dec 3, 2025 • Alejandro Yela

10/25: How We Ended Up Collecting a Mountain of Dividends (5%+)... Without Even Trying

Portfolio Update. New Positions, Dividends and More.

Nov 4, 2025 • Alejandro Yela

09/25: 6 Wins, 5 Misses; the Rhythm of Q3

Portfolio Update. Quarterly Review. Major Inflows

Oct 7, 2025 • Alejandro Yela

08/25: Buying Cheap Ahead of Rate Cuts

Portfolio Update. The 10 New Extraordinary Companies We Own

Sep 5, 2025 • Alejandro Yela

💡 Pick of the Week

Limes ($LIK) Beyond the "Pink Castle" [Model-Breaking Update]

PoW (#19) Inside the demographic shift that shocked management, and the new roadmap to capture the luxury gap in Southern Europe

Jan 14 • Alejandro Yela

52% Net Cash. 70% Margins. 100% Misunderstood.

PoW (#18) A rare dislocation where the cash on the balance sheet floors the downside, and the monopoly business offers triple-digit upside

Jan 10 • Alejandro Yela

Are You Working Harder Than Your Cash Is?

PoW (#17) We’ve broken down the 6 specific ETFs that beat the bank, including our top picks for yield, safety, and tax efficiency... And the ones we use…

Jan 3 • Alejandro Yela

Buying Dollars for 11 Cents

PoW (#16) Trading at ~10% of Liquidation Value. A hidden natural gas hedge. Primed for a 200% re-rate in 2026.

Dec 27, 2025 • Alejandro Yela

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📈 Investment Thesis

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

California Nanotechnologies $CNO – Advanced Materials US Monopoly

A Deep Dive into the Journey from Prototype to Production

Sep 30, 2025 • Alejandro Yela

Spartan Delta $SDE – Oil & Gas Consolidator w/ Operational Leverage

A Deep Dive into a Canadian Oil and Gas Acquisitions-Focused Player

Sep 16, 2025 • Alejandro Yela

QXO Inc. $QXO - Brad Jacobs’ Next Big Build

A Deep Dive into the Past, Present, and Future of This Bold Building Materials Consolidator

Jul 15, 2025 • Alejandro Yela

BluMetric Environmental $BLM - Wealth & Water

A Comprehensive Investment Breakdown of a Water Tech Innovator

Mar 25, 2025 • Alejandro Yela

Limes Schloss Clinics $LIK - Deluxe Mental Healthcare

A Deep Dive into an Overlooked Exclusive Mental Health Clinic Operator

Feb 25, 2025 • Alejandro Yela

Century Casinos $CNTY - Stacking the Deck for Shareholders

A deep dive into the catalysts driving this overlooked gaming company forward after an intense CAPEX cycle

Jan 14, 2025 • Alejandro Yela

🧗 Our Investing Journey

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

Blueprint for The Perfect State

OIJ (#40) Transitioning into the Liberatarian Utopia

Nov 18, 2025 • Alejandro Yela

The Perfect State. Why Modern Politics Has Failed

OIJ (#39) Zohran, Piketty and the Liberal Utopia

Nov 11, 2025 • Alejandro Yela

🧭 Field Trip Dispatch

The Baltic Survivor: The One Lithuanian Business Defying Time (and Religion) 🇱🇹

OIJ (#36) Boots on the ground. Another chapter in the saga: Field-Tested. Hermit-Approved. K2LT Review... The Lithuanian Business That Won’t Die

Sep 23, 2025 • Alejandro Yela

Herding Dreams or Frozen Nonsense? A Look at Reindeer Farming 🦌

OIJ (#31) Exploring a Niche Where Arctic Tradition Meets Capitalism 🇫🇮

Jun 17, 2025 • Alejandro Yela

📝 Century Casinos $CNTY (#3) Primary Research

On-site honest 26-min review of a few casinos we visited

May 29, 2025 • Alejandro Yela

🧗 Valencia: A Tale of Hope and Heartache

OIJ (#18) Our take on the devastating natural disaster affecting the region of Valencia

Nov 12, 2024 • Alejandro Yela

🎙️ Interviews

Limes ($LIK) Beyond the "Pink Castle" [Model-Breaking Update]

PoW (#19) Inside the demographic shift that shocked management, and the new roadmap to capture the luxury gap in Southern Europe

Jan 14 • Alejandro Yela

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 (#10) 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

🎙️ Gismondi 1754 - Fireside Chat TRANSCRIPT, NOTES and INSIGHTS w/ Massimo Gismondi

Exclusive insights into the legacy and future of luxury jewelry

Aug 23, 2024 • Alejandro Yela

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