Free live webinar · Sat, Nov 21

Where Alpha Still Lives

Wall Street's old stock-picking edges have been traded away. Join us live to see where individual investors still have one, and how Offside finds it.

Saturday, November 21 · 10:00 AM New York time Live on YouTube · About 75 min, Q&A included Free · Replay for everyone who registers

Gabriel Osorio Mazzilli Hosted by Gabriel Osorio Mazzilli, ex-Goldman Sachs and ex-Citigroup Delta One.

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Can't make it live? Register anyway and we'll send you the replay.

Why this matters now

More people own stocks than ever. Far fewer own most of them.

A handful of holders and a handful of companies now set the price for everyone else.

88.1%

of household-owned U.S. stocks belong to the top 10% of households.

Federal Reserve, Distributional Financial Accounts, Q2 2026

20% → 65%

The most expensive large caps' share of the U.S. market, 1990 vs today.

Offside Capital research, CRSP data via Kenneth French, Oct 2026

89%

of U.S. large-cap funds trailed the S&P 500 over five years.

SPIVA U.S. Scorecard, year-end 2025

The index hasn't failed. What's gone is the edge for stock pickers in the crowded middle of the market. This session is about where that edge went.

What you'll learn

Four things you'll leave with

  • Why "buy the big names and hold" is more crowded, and more expensive, than it has been in decades.
  • How we read PMI data (a monthly survey of purchasing managers that tends to lead the economy) to spot which industries are turning before the market does.
  • Why stock picking still pays among U.S. companies under about $1.2 billion and among small caps abroad, and why buying the index doesn't capture it.
  • Three real case studies, including a bankrupt juice company that became one of the best-performing U.S. stocks of the last 30 years.

The two lanes

Two places alpha still lives

They stack: one tells you where to look, the other tells you what to own.

Lane 1

Signals over stories

Read the data that moves first. Industry surveys like the PMIs show which industries are breaking out or slowing, and acting in release week matters: a month late, most of the signal is gone.

Lane 2

Where the arbitrage hasn't arrived

U.S. companies under about $1.2 billion and small caps abroad: too small for big funds, often with no analyst coverage. The closest thing to owning a private business, with the option to sell any day. The edge is in selection, not the index.

Your host

Gabriel Osorio Mazzilli

Gabriel Osorio Mazzilli

Founder, Offside Capital · Ex-Goldman Sachs · Ex-Citigroup Delta One

Gabriel built Offside to give individual investors the research process he used on Wall Street: start with the macro, find the industries that respond to it, then pick the companies. This webinar is that process, applied to where the edge still is.

The details

Everything you need to know

When
Saturday, November 21, 2026 · 10:00 AM New York time · about 75 minutes 7:00 AM Los Angeles · 3:00 PM London · 4:00 PM Madrid
Where
Live on YouTube. Your private link arrives by email the moment you register, with one-click buttons to add it to your calendar.
Cost
Free.
Can't make it?
Register anyway. Everyone who registers gets the replay.
Questions
Ask them live in the chat. Gabriel answers at the end.
At the end
Gabriel will show you Offside Premium, our research service, and what's landing there in the days after the webinar. No obligation, and no hard sell.
Who it's for
Self-directed investors who feel "index and hope" is no longer enough. No hot tips, no promised returns: a process you can use.

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Saturday, November 21 · 10:00 AM New York time. Free, live, with Q&A.

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Educational content, not personalised investment advice. Past performance and backtested results do not guarantee future results. Small-cap, micro-cap and international stocks carry higher risk, including low liquidity, currency risk and potential loss of capital.