May 18, 2026
Founding Partner · Tactical Management
Dr. Raphael Nagel (LL.M.)
Most people talk. Some write.
Very few allocate capital, and live with the consequences.
Founding Partner · Tactical Management
Most people talk. Some write.
Very few allocate capital, and live with the consequences.
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Editor's pick
May 21, 2026
Große Vermögen benötigen einen neuen Rahmen für ihre Allokation
Gastbeitrag von Dr. Raphael Nagel im Private Banking Magazin. In einer multipolaren Welt verlieren klassische Allokationsmodelle ihre Tragfähigkeit; Vermögen werden um Währungsblöcke, Settlement-Infrastrukturen und Sanktionsregime herum strukturiert. Ein Rahmen für die nächste Dekade.
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Five blocks
30+ books
All books →capital
Kapital
Markets, mandates, value creation.
leadership
Haltung
Posture, authority, leadership.
geopolitics
Pipelines
Energy, sovereignty, trade.
technology
Algorithmus
AI liability and the new code of law.
capital
Execute
From plan to operating cadence.
security
Der unsichtbare Krieg
Sanctions, cyber, dual-use, the architecture of grey conflict.
About
An investor who writes, because capital is also an argument.
Dr. Raphael Nagel (LL.M.) is Founding Partner at Tactical Management, a private investment firm focused on operational carve-outs, succession capital for the European Mittelstand, and sovereign-grade infrastructure across security, energy, and AI.
More than 30 published books, in German, English, and Spanish, anchor a body of public writing that runs from market microstructure to AI liability to the geopolitics of pipelines. The essays here continue that record in long form.
He writes from Madrid and the field, with the bias of a practitioner.