Research
Research and themes
From a market thesis to concrete stocks, risks, and follow-up questions.
18 min
A thesis with stocks, counter-theses, and a review date.
Workflow
1
Formulate the thesis
Begin with a clear thesis: bottleneck, capital flow, regime change, or demand wave.
Builder2
Break down the chain
Map beneficiaries, suppliers, infrastructure, risks, timelines, and counter-theses.
Narrative Map3
Check tickers against reality
Keep only stocks whose chart, revenue base, liquidity, and group context fit the thesis.
4
Set a review date
Research without follow-up gets stale quickly. Define when the thesis is wrong.