Commentary

Process notes.
Market observations.

Occasional writing on the research process, global small-cap markets and the principles behind the work. Published when there is something worth saying.

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Founder
Alessandro Montalbano
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Alessandro Montalbano

Founder · Research Analyst, Sifter Research
A decade of personal investing · Former M&A analyst · Quantitative Finance & Management Engineering

Over the years, I've spent a lot of time on investment platforms, forums, newsletters and communities. Great ideas everywhere: tickers, theses, one-liners that make you think. But I always had the same problem: when I find something interesting, I still have to do all the research myself. Every time.

I looked for research that was actually complete, a real deep-dive where you can follow the reasoning, check the numbers and disagree with the conclusion if you want. Rarely found it. Especially on small-caps, where institutional coverage is thin and mispricing opportunities are real. So I built it myself.

Read more about the process and the checklist →
"The goal is to understand a few neglected businesses better than the market does."