Liria Research

One analyst.
No consensus.

Independent equity research on high-conviction names. Full thesis published. Every position owned.

10names tracked
2conviction longs
3–5yrtime horizon
100%positions owned
Research philosophy
"Find the best businesses in the world operating in the largest addressable markets, buy them when they are unfairly punished, and let compounding do the rest. Then use every tool available to find them faster than anyone else."
The Analyst
Capital Markets
Trained on a Wall Street trading desk. Institutional market structure, order flow, and how capital behaves under real pressure — not in textbooks.
Emerging Markets
Formal academic grounding in EM economics. Years of independent research across LatAm, India, the Gulf, and South Korea. Conviction built from both theory and obsession.
AI-Native Research
Every process designed agent-first, human-judged second. One analyst, institutional depth — made possible by a fleet of AI agents running around the clock.
The Method
Primary Sources Only
10-Ks, transcripts, central bank minutes, primary filings. No consensus targets. No sell-side summaries. The thesis comes from the source.
Always-On Monitoring
AI agents track filings, macro releases, earnings calls, and short interest changes across all ten names — 24 hours a day. Nothing slips through.
Skin in the Game
Everything written about is owned. No separation between the research and the portfolio. The mandate is long only — conviction, not coverage.
Investment Framework
Pillar I
Emerging Markets
Dominant franchises in high-growth, underserved economies. LatAm, India, the Gulf, South Korea. Compounding at rates impossible in developed markets — priced at discounts that reflect geography, not quality.
Pillar II
Futurist Bets
Early-stage physical technology companies building infrastructure that will either dominate or disappear within a decade. Space launch, satellite connectivity, advanced nuclear, the lunar economy. Small positions. Large asymmetry.
Pillar III
Special Situations
Deep value, macro dislocations, asymmetric one-offs. In development.
In Development
Reports are published in full — no paywall, no newsletter gate. Subscribe on the homepage for updates when something significant changes on any covered name.
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