Members-only research
See exactly what I own, why, and when — before I even trade it.
A concentrated, contrarian model portfolio. Real money since 2016, measured against the MSCI World, published members-first with a 15-minute blackout. Capped at ~50 founding members.
The measured record
Chart data loading.
5-year return
13.89%/yr
as of 31 Aug 2026
vs MSCI World
+2.46pp/yr
as of 31 Aug 2026
Since Jan 2016
+297.5%
as of 31 Aug 2026
Max drawdown
−44.8%
as of 31 Aug 2026
How it works
Three steps to mirror the book.
01
Signal
Receive a research-driven alert the moment a new position is opened, trimmed, or closed — with full thesis attached.
02
Mirror
See exact sizing, cost basis, and portfolio weight. Mirror the trade in your own account with complete transparency.
03
Room
Access the members-only research room: weekly notes, macro context, and direct Q&A on every active position.
The Research Desk
Eight agents. One decision-maker.
Almanac runs an eight-agent AI research desk. Each agent has one mandate. None of them can execute a trade — every published call is approved, timestamped and owned by the Portfolio Manager. The desk exists to make the research deeper and the process harder to fool, not to remove the human.
Scout
Screens markets and watchlists; proposes candidates.
Analyst
Fundamentals, quality gate, normalized value.
Chartist
Price structure, positioning, entry context.
Risk Officer
Sizing, portfolio impact, correlation, margin math.
The Skeptic
The red team: attacks every thesis, and the Portfolio Manager's state of mind, before publication.
Sentinel
24/7 monitoring of every open thesis and backstop.
Scribe
Drafts member communications from the decision log.
Tracker
Performance, benchmark math, the dashboard feed.
AI advises. One human decides — and signs every call.
How the pipeline works →Sample call
What a recommendation looks like.
Every alert includes ticker, direction, sizing, and reasoning — so you know exactly what to do and why.
Trade Notice — Initiate
Northgate Industrial Group
ISIN EX0000000000
Action
Initiate
Target weight
0% → 6.0%
Decision timestamp
2026-03-11 14:02 UTC
Official reference price
First traded price after 14:17 UTC
End of 15-minute members-first blackout
Time horizon
18–36 months
Emergency backstop
−38% from reference
Thesis reviewed weekly
Thesis
A former sector leader priced for permanent decline after two years of margin compression. Balance sheet survives the bear case with room to spare; the market is extrapolating the worst quarter in a decade forward indefinitely. We believe normalized earnings are roughly twice what the current price implies.
Principal risks
- Prolonged sector downturn
- Management execution
- FX translation
Invalidation
Loss of the core customer segment, covenant stress, or a structurally impaired balance sheet.
Every call looks like this — published to all members simultaneously, before the Portfolio Manager trades. His actual fill is disclosed afterward. Full template rules in the record.
Anatomy of a call →The Room
Membership isn't a newsletter subscription.
It's a seat in the room where the portfolio is run. You see everything, at the same moment as everyone else.
Real-time
A time-stamped alert for every initiate, add, trim, exit, cancellation and material thesis change — members first, always.
Weekly
A concise written portfolio note — changes, watch items, upcoming catalysts. If nothing happened, it says so.
Monthly
A written performance and risk review plus a 60-minute live group briefing and Q&A, recorded and archived.
Quarterly
A deep dive — attribution, process changes, the forward macro and risk map.
Annually
The outlook brief, and a plain-language accounting of mistakes and lessons.
Members can challenge any thesis, submit ideas and research, and get substantive answers in the common channel — one to many, so everyone hears the same thing. Founding membership is capped at roughly 50 members; after that, the waitlist.
Membership
Simple pricing. Serious research.
Prepaid membership. No auto-renewal. Roughly 50 founding seats, then a waitlist.
3 months
- Live positions & portfolio updates
- All research notes & macro series
- Closed trades & full track record
- Email alerts on new recommendations
By joining you confirm you've read the Philosophy, the Methodology and the Membership Terms.