Wel­come to Dis­qui­si­tiones Cap­i­tal­is — Essays on Cap­i­tal, a place where thought­ful reflec­tion grad­u­al­ly meets the prac­tice of investing.

For many years, Dis­qui­si­tiones was a space for philo­soph­i­cal essays, poems, sto­ries and quo­ta­tions — explo­rations of the human con­di­tion authored under the name Homo Humilis, though with lim­it­ed activ­i­ty over time. On these pages you can still find entries such as “Si …”, “Cita en Samar­ra” or “El hom­bre en bus­ca de sen­ti­do”, texts con­cerned with ideas, moral­i­ty and the habits of thought.

This space now serves an addi­tion­al purpose.

I want to use Dis­qui­si­tiones Cap­i­tal­is as a place to devel­op my skills as an investor, and I believe that mak­ing my ideas pub­lic is one of the most effec­tive ways to do so. Writ­ing invest­ment the­ses and reflec­tions forces clar­i­ty, reveals weak assump­tions, and allows ideas to be con­front­ed — by time, by mar­kets, and occa­sion­al­ly by others.

In that sense, this blog is as much a dis­ci­pline of think­ing as it is a record of ideas. Mar­kets are noisy and nar­ra­tives are per­sua­sive, but invest­ment skill is built slow­ly, through rea­son­ing and through time — Ratione et Tem­pore. Time can­not be con­trolled, but it can be respect­ed, allowed to work, and delib­er­ate­ly incor­po­rat­ed into decision-making.

Here I explore invest­ment ideas and strate­gies such as:

  • Val­ue invest­ing and fun­da­men­tal analysis

  • Small and micro cap oppor­tu­ni­ties, where patience can be an edge

  • Spe­cial sit­u­a­tions that require rea­son­ing beyond price movements

  • Options strate­gies approached through prob­a­bil­i­ty and risk awareness

These are not pol­ished pro­fes­sion­al analy­ses nor defin­i­tive con­clu­sions. Some ideas may be pur­sued, oth­ers aban­doned. Many will evolve. The inten­tion is not to present cer­tain­ty, but to think in pub­lic, improve through rep­e­ti­tion, and grad­u­al­ly refine judgment.

Dis­qui­si­tiones Cap­i­tal­is is there­fore a work­ing note­book — a place for essays, ten­ta­tive the­ses and reflec­tions that, over time, I hope will become more rig­or­ous and more use­ful. Along the way, there may still be the occa­sion­al reflec­tive entry from Homo Humilis, as a reminder that invest­ing, like think­ing itself, ben­e­fits from humil­i­ty, patience and depth.