Most of the market is fairly priced.
We tell you about the rest.
The Daily Tape — Mr. Market's mood, the day's full reckonings, and watchlist alerts on the businesses you own. Arrives in your inbox at nine o'clock each weekday morning.
The Tape, daily.
- Today's Tape — Mr. Market's mood, all flags, all Δ%
- One featured Quote per day, in full
- One Dispatch per week
- The methodology, sourced and versioned
The full publication.
- The Daily Tape email — full reckonings in your inbox at 9:00 AM ET each weekday
- Full Quote pages — every business, every step of the protocol, the entire audit trail
- Personal Watchlist — pin up to 30 tickers; we alert when Δ% crosses your buy line
- The Backtest — twenty-year historical replay on every name we cover
- The Dispatches archive — every essay we've published, fully unlocked
- Sector-adjusted variants — proper bank/insurance/REIT valuation models
Lock the rate. Forever.
- Everything in The Daily Tape
- Founders rate locked — $299/yr for as long as you remain subscribed, even when the standard price goes up
- Private Discord — direct access to the editors and other founding subscribers
- Quarterly state-of-the-screen call — live Q&A on the protocol's recent performance
- First look at every new feature, sector variant, and methodology change
- Your name on the colophon (if you want it)
What you actually get for $99 a year.
Most financial publications charge you to be told what to buy. We do not tell you what to buy. We tell you, every weekday morning, what Mr. Market is asking for roughly a hundred businesses, and what each of those businesses is actually worth by a disciplined valuation method. The gap between those two numbers — the Δ% — is the entire signal. When it's positive, you may consider acting. When it's negative, you should not. The reckoning is the work. The acting is yours.
We do not publish “hot picks.” We do not publish “top ten stocks for the next decade.” We do not publish anything we cannot defend with the math on the page. The math is the same every day. The businesses change slowly. Mr. Market does not. Our advantage is not insight — it is consistency, applied across a hundred names, before nine o'clock each morning, for less than thirty cents a day.
What we will never do.
- Pick stocks for you. The protocol marks them BUY, WATCH, or PASS. You decide what to act on.
- Sell your email address or your reading data.
- Send you more than five emails in any given week.
- Use the words “AI-powered” or “algorithmic” in our marketing. The protocol is documented and human-authored.
- Charge you for the method. The methodology is free, public, and versioned in The House Style.
- Promise returns. Markets do not work that way and we know it.
A few honest questions.
It's the introductory rate, set deliberately below the standard $149 we'll move to once the first thousand subscribers are on board. The Founders Edition locks today's rate forever, even as the standard price climbs.
You get billed once, annually, $99. Cancel any time before the 30-day mark and you owe nothing. We'll remind you a week before the trial ends.
Open any Quote and look at the historical backtest — twenty years of point-in-time reckonings against the prices Mr. Market was actually asking. If the line that says “intrinsic value” is consistently drier than the line that says “Mr. Market's asking price,” the method works.
No. It is editorial commentary on the gap between price and value for the businesses we cover. We do not know your situation. We do not manage money. We publish a publication.