Invest Beyond the Obvious…
Holon Capital is a public-market investment firm focused on overlooked, unloved and misunderstood companies across Europe and North America.
On Substack, we share research and ideas emerging from our own investment process.
We are investors sharing our work, not commentators observing from the sidelines.
Think for yourself
The prevailing advice is simple: buy the index and leave investment decisions to the financial establishment.
For many people, that is sensible.
But others are willing and able to understand individual businesses, assess risk and make informed decisions about their own capital.
This publication is for them.
Our Deep Dives
Each month, we publish a Deep Dive on a publicly listed company we believe deserves closer attention, often because market perception differs materially from underlying value.
We explain why the opportunity exists, how we assess the company’s value and what could prove us wrong. When new information materially changes the thesis or the investment’s attractiveness, we publish an update.
We also publish case studies on past investments and selected essays on markets, capitalism, value investing and capital allocation.
All research is free to subscribers.
Our aim is simple:
To find exceptional businesses and asymmetric situations before they become obvious.
Contrarian by necessity, not by choice.
Subscribe to receive future Deep Dives, case studies and essays.
Disclaimer: This publication is for informational and educational purposes only. Nothing herein constitutes investment advice, a recommendation, or an offer or solicitation to buy or sell any security or interest in any fund. Views expressed are our own as of the date of publication and may change without notice. Holon Capital and its affiliates may hold positions in securities discussed. Investing involves risk, including the loss of principal. Past performance is not indicative of future results. Readers should conduct their own research and consult their own professional advisers before making investment decisions. Holon Capital does not accept compensation from companies in exchange for publishing research.
