The Mispriced Research
Luca MontanariIndependent research on mispriced markets, asymmetric opportunities, and hedge fund-like research indexes.
| Platform |  | Pricing | Only free issues | Publishes | Twice weekly |
|---|---|---|---|---|---|
| Issues | 3 | Founded | a month ago | Last Issue | 10 days ago |
| Active | |||||
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themispricedresearch.substack.comLatest Issues
Why Bitcoin Is Not in the Index—Yet
Bitcoin remains one of the most important assets on our research list.
It is liquid.
It is scarce.
It has a growing institutional market structure.
It offers a return stream that is different from traditional businesses and bonds.
B...
The Research Index as a Decision Machine
Most investors do not fail because they lack opinions.
They fail because they lack a decision system.
Markets are noisy. Prices move. Narratives change. Fear and greed take turns pretending to be insight. In that environment, the investor...
The Mispriced 25 Update: July 2026
The Mispriced 25 is a research index built around one question:
What is mispriced, why is it mispriced, and what would need to happen for the market to change its mind?
It is a concentrated basket of 25 liquid tradable assets selected thr...
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The writers behind this newsletter.
Multi-asset investor/analyst.
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