FAQ
Frequently Asked Questions (FAQ)
Use these FAQs to get the most out of Quality Value:
1) What do I get with each plan?
Free
Weekly newsletter with analysis and reflections.
Occasional open ideas.
Partial view of some premium content.
Investor Plan ($199/year) – Improve as an investor
Weekly newsletter with analysis and insights.
Two exclusive investment opportunities every month.
Partner Plan ($299/year) – Full access to my portfolio.
Weekly newsletter with analysis and insights.
Two exclusive investment opportunities every month.
Exclusive access to my personal stock portfolio.
Access to the Quality Value Stock Ecosystem with more than 200 companies.
🚨 Note: The Member Plan is limited to a maximum of 500 subscribers to ensure exclusivity, close interaction, and my full dedication.
2) Is Quality Value for me?
It’s a fit if:
You already invest (or want to start) and manage your own portfolio.
You enjoy analyzing businesses and want quality at a fair price (Quality + Value).
You aim to multiply capital long term with a rational philosophy.
3) How often do you publish?
Tuesday: weekly newsletter with one investment idea, 5 key charts, one tool, a learning bite, and 2 videos.
Sunday (paid/Partícipe): exclusive post (thesis, education, or portfolio update).
Full archive access for paid subscribers and Partícipes.
4) Who is behind Quality Value Investments?
I’m Alejandro, a former executive in digital/tech (10+ years). Since 2021 I’ve published theses and education and share my personal portfolio with full transparency. All my wealth is invested under this same philosophy—real skin in the game. Quality Value has 16,000+ followers and is a Spanish-language reference; professional managers use it as a reliable source of ideas and training.
5) What is the investment philosophy?
Quality + Value: first we filter for quality businesses (growth, margins, moat, ROE/ROCE, prudent leverage, aligned management), then we require a reasonable price with margin of safety. In the short term, valuation dominates; in the long term, intrinsic value does.
👉 You can read more about my investment philosophy here.
6) Why small caps—and why now?
Small caps have underperformed large caps for ~10 years (≈ –4% p.a.). Historically, such periods precede strong rebounds. Greater inefficiency (less coverage and attention) creates opportunities to buy quality at good prices.
Quote (07/07/2025, Morgan Stanley): “A quality-focused approach in small caps has delivered attractive risk-adjusted returns; current valuations point to a compelling, possibly generational, opportunity.”
7) How do you decide when to buy or sell?
We buy when:
The stock trades below intrinsic value.
Fundamentals improve.
The moat strengthens.
The outlook brightens.
Insiders are buying aggressively.
We sell when:
We find an error in the thesis.
A better opportunity arises (opportunity cost).
The moat deteriorates.
Material change in management.
Growth slows.
Liquidity is needed.
We hold winners and rotate out of losers decisively.
8) Your quality criteria (checklist)
Consistent revenue growth (non-cyclical, resilient).
Stable/expanding margins (at least in line with the sector).
Competitive advantage (intangibles, network effects, switching costs, efficiency).
ROE/ROCE > 15–20%, improving with scale.
Predictable double-digit growth (revenue or earnings).
Low or no debt (ideally net cash).
Aligned management and strong capital allocation.
9) How do you assess fair value?
Multiples-based valuation with three scenarios (bear, base, bull), adjusted for growth, historical averages, and comps. We seek asymmetry: >20% annual potential in base/bull, with a bear case that limits losses.
10) How do you allocate the portfolio?
Concentrated in highest-conviction ideas, with a diversified core of satellites to cover sectors, geographies, and currencies. We actively adjust weights as potential and performance evolve (trim over-concentrated names; add to conviction).
11) Where can I see the portfolio and performance?
The full portfolio (history, metrics, benchmarks, breakdown by company/sector/currency/region, theses, monthly updates, and trade rationale) is reserved for partners and can be viewed here.
12) How does the subscription pay for itself?
With $50,000 in capital, you become a Member ($299/year), receive 24 investment ideas annually, and apply just two of them by investing $20,000 at a 10% return: that’s $2,000 in gains. After subtracting the subscription fee, you keep $1,701 net.
Comparison: A traditional fund charging 1–1.5% on $50,000 would cost $500–$750 per year.
13) What does the Quality Value community include?
The community is made up of investors who:
Already invest (or want to start) and manage their own portfolio.
Enjoy analyzing businesses and seek quality at a fair price (Quality + Value).
Aim to multiply their capital over the long term with a rational philosophy.
14) What geographies do you cover?
Focus on Europe (Italy, Germany, France, UK, Nordics), with additional coverage of U.S. and Australia.
15) How do I sign in?
Quality Value is hosted on Substack.
Click “Sign in” (or “Subscribe” if you haven’t yet).
Log in with the email tied to your subscription.
Issues? Write to qualityvalueclub@gmail.com.
16) How do I update my account?
17) How do you manage FX risk?
We don’t try to predict currencies. With exposure to several currencies, FX effects tend to offset over the long term. The core is to find great businesses at fair prices, regardless of currency.
18) Can I gift a subscription?
👉 Yes. You can gift a subscription to help someone start—or level up—as an investor.
19) What do professionals say?
Feedback from subscribers and professional managers is very positive: they highlight rigor, the practical value of the theses, and transparency (including my personal portfolio).
Alejandro Martín
Fund Manager & Partner at Horos AM
“Quality Value is one of the best Substacks about investing in Spanish. A work crafted with thought and craftsmanship —two qualities we value highly at HOROS. Its disciplined approach, combining the search for quality companies at attractive prices, reflects an investment philosophy aligned with ours: investing with common sense, dedication, and attention to detail, always in pursuit of excellence.”
Jordan Del Rio
Advisor of Inver Value Fund
“Quality Value is one of the leading investment references on social media. Its independent thinking leads to discovering great opportunities in the small caps segment, and combined with its extensive and detailed analysis, makes it indispensable.
For example, Inver Value discovered Newlat thanks to this Substack —a company that has multiplied 4x in just 3 years.”
Jesús Domínguez
Fund Manager & Co-leader at Valentum AM
“Quality Value is a great source to learn about investments. In today’s world of information overload, it’s important to find content you can truly learn from —and this is a great place to both learn how to invest and to study company analysis.”
Rodri Villanueva
Fund Manager at Attitude Small Caps
“Quality Value covers all the fundamentals for successful investing —quality, but at reasonable prices.
I consider it a fantastic newsletter where you can read well-prepared analyses and find solid investment ideas.”
20) How can I contact you?
Email me at qualityvalueclub@gmail.com and I’ll get back to you as soon as possible.