Write down what you believe about a business. Find out whether it holds.
th3sis turns a share price into the expectations priced into it, lets you state your own, and then tracks the two against each other as the filings arrive.
$12/month, held for life · 100 of 100 places left
A price is a set of expectations
th3sis reads a share price backwards: how long the market believes a company can earn above its cost of capital, given what it earns today. That number is the thing to have an opinion about.
Your thesis, written down and frozen
State what you think returns on capital, reinvestment and durability will be. th3sis values it, saves the version, and measures it against the filings as they land — so you can tell being early from being wrong.
The portfolio underneath it
Every account in one place, priced daily, with the return split into price, currency and income. No spreadsheet that only you know the rules of.
Open to its first hundred members
th3sis is not finished. Founding members pay $12 a month, held for life, and get everything it becomes — including the tiers that will later cost $30 and $70. In exchange you are reading a product as it is being made, and saying what it needs.