5,000 stocks in.
10 out.
Every Sunday.

2008 was the worst year to start anything in Italy. We started anyway. An e-commerce company, with no collateral to show a bank and no surname that opened doors. The no came politely at first, then they stopped replying at all. Suppliers vanished after the first order. Some nights there was just the account balance on the screen and the question anyone who has built something knows: what if I lose it all?

We kept going. Not because we knew how it would end, nobody knows that. We kept going because the alternative was asking permission, and permission is the leash that world keeps you on. The company grew to seven-figure revenue, and one day we signed the papers and sold it.

We tell this story for one reason. Everything we publish here was born there: when the money on the table is yours, method stops being an opinion. It becomes what lets you sleep.

If you trade your own account, you already know this story.
The trade is different, the night is the same.

Today Golden Bear Capital runs on three things: a research subscription, a piece of software and the courses. We manage nobody else's money. No broker pays us and nobody hands us products to place. If a name looks like a bad idea we write that it is a bad idea, and there is no one to call first.

We don't make characters of ourselves. In this industry reputation gets built around the face instead of the work, and the result is profiles with a great many followers and very few verifiable positions. We would rather the judgement came from the archive, which stays public and readable backwards for as long as you like. Anyone who buys something, though, knows exactly who they are dealing with: on the other side of the email there is a first name and a surname, not a handle. To our customers we are not anonymous. We are anonymous to passers-by.

Wall Street built a statue of the bull. The bull is what this industry sells: the run, the rally, the account that grows on its own. We put the bear in our name instead, the animal this business prefers not to mention, the one that shows up when the plan was hope. We keep it there so we never trade as if it couldn't walk in. And it's golden because the bear is what taught us the job: the years that made us were the years it was in the room. Not a bearish stance. A reminder that the market owes us nothing and deserves respect even in the weeks when it's proving us right. Especially in those.

If you have a specific problem and you want to put it on a table in a session, that happens here.