Capital · 2026

SUBSTANZ

Real-assets thesis: scarcity, hard currency, capital with backbone.

ISBN 978-3-912703-25-2 · First edition

SUBSTANZ (cover)

Essays from this book

2026-04-22
Substance Investing Without Large Capital: A Method
Dr. Raphael Nagel (LL.M.) on how small investors enter physical substance markets through knowledge, narrow categories, and network discipline, not cash.