Capital Employed

@capitalemployed · Capital Employed · Substack profile · Finance

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Capital Employed has 17,230 followers on Substack as of Oct 31, 2026. 53 publications recommend them, 1 of them new in the last 30 days, and they recommend 39.

Followers read

Last read Oct 31, 2026 (UTC). Followers are not email subscribers. Substack lists only the newest 50 recommendations for each publication, so a recommender count of 50 or more is a floor. History starts Oct 31, 2026; Substack publishes nothing earlier.

Followers
17,230
read Oct 31
Last 7 days
first number on Nov 7
Last 30 days
first number on Nov 30
Subscribers
8.5K+
rounded by Substack
Paid subscribers
100+
bestseller badge 100+
Recommended by
53
+1 in 30 days
Recommends
39
Bestsellers rank
not on a board

Followers by day

Tracking since Oct 31, 2026. This is the first reading. Substack doesn't publish past follower counts, so history starts the day I first read a writer and grows by one reading every 3 days (daily if it's on your watchlist). The 7-day change appears on Nov 7, the 30-day change on Nov 30. Recommendation dates below go further back: they're Substack's own.

16,80017,00017,20017,40017,600 Oct 31Nov 2Nov 4Nov 6Nov 8Nov 10Nov 12 One reading a day from here 17,230
16,80017,00017,20017,40017,600 Oct 31Nov 4Nov 8 One reading a day from here 17,230
One reading a day, the last of the day. Marked: leaderboard steps (into the top 25, top 10, or #1). Followers are people who follow Capital Employed on Substack; they aren't email subscribers.
Show as a table
Daily readings
DateFollowersChangeSubscribersPaid band
Oct 31, 202617,2308.5K+

Leaderboard positions

Not on a category leaderboard right now

Substack's boards list the top 100 per category, by paid subscribers (Bestsellers) and by recent paid growth (Rising). I read all 66 of them once a day, so a new entry shows up within a day.

Recommendations

53 publications recommend Capital Employed; 1 started in the last 30 days. Capital Employed recommends 39, and 11 of those recommend back. Lists read Oct 31.

Recommend Capital Employed Capital Employed recommends Frederik Gieschen57k followers · mutualMichael Fritzell47k followers · mutualTSOH Investment Research39k followers · mutualThe Value Road19k followers · mutualRené Sellmann10k followers · mutualDavid's Substacknot trackedAquitaine Equity Researchnot trackedTriple S Special Situations I…not tracked · mutualJPARCVUEnot tracked · mutual Frederik Gieschen57k followers · mutualMichael Fritzell47k followers · mutualTSOH Investment Research39k followers · mutualHerb Greenberg26k followersThe Value Road19k followers · mutualRené Sellmann10k followers · mutualJPARCVUEnot tracked · mutualRaging Bull Investments not trackedDismissed & Asset-Backednot tracked Capital Employed 17k followers
The 9 largest publications on each side, by followers. Bigger dot, more followers. Orange: started in the last 30 days. Gray dots: publications I don't track, so no follower count.

When the recommendations started

Sep 23MarSepMarSepMarSep
Live recommendations by the month each began, using Substack's own start date. Removed ones aren't listed by Substack, so they don't appear. Substack shows only the 50 newest recommenders, so before May 2024 (outlined) I see only those from the 6,392 publications whose full lists I read.
Show as a table
Recommendations started per month
MonthStarted
2023-091
2023-111
2024-021
2024-051
2024-072
2024-082
2024-093
2024-114
2025-021
2025-031
2025-041
2025-062
2025-076
2025-081
2025-093
2025-101
2025-111
2025-127
2026-012
2026-021
2026-033
2026-041
2026-061
2026-072
2026-082
2026-091
2026-101

Recommended by

  • Frederik Gieschen57k followers · started Nov 2023 · mutual
  • Michael Fritzell47k followers · started Feb 2024 · mutual
  • TSOH Investment Research39k followers · started Sep 2023 · mutual
  • The Value Road19k followers · started Jul 17, 2026 · mutual
  • René Sellmann10k followers · started Aug 1, 2026 · mutual
  • David's Substackstarted Oct 9, 2026new
  • Aquitaine Equity Researchstarted Sep 6, 2026
  • Triple S Special Situations Investingstarted Aug 25, 2026 · mutual
  • JPARCVUEstarted Jul 24, 2026 · mutual
  • Priyanshu’s Substackstarted Jun 25, 2026
  • Capital Architecturestarted Apr 5, 2026
  • TL's Substackstarted Mar 16, 2026
  • Eric's Substackstarted Mar 16, 2026
  • Xfinity's Substackstarted Mar 10, 2026
  • Deep-Value Stocksstarted Feb 18, 2026 · mutual
  • Jan's Substackstarted Jan 11, 2026
  • Les's Substackstarted Jan 7, 2026
  • Louis's Substackstarted Dec 24, 2025
  • P's Substackstarted Dec 18, 2025
  • Phoenix Harmony Substackstarted Dec 16, 2025
  • The Inflection Point's Substackstarted Dec 14, 2025
  • Angkor Capitalstarted Dec 13, 2025
  • Le Substack de Neurastarted Dec 7, 2025
  • El Substack de Mitxstarted Dec 5, 2025
All 53
  • abhishek's Substackstarted Nov 15, 2025
  • Bestowal Capitalstarted Oct 2025
  • Fairlight Researchstarted Sep 2025
  • FINANCE DIRECTORYstarted Sep 2025
  • test_hyrule’s Substackstarted Sep 2025
  • Greg’s Substackstarted Aug 2025
  • Jindřich’s Substackstarted Jul 2025
  • Scott’s Substackstarted Jul 2025
  • stayinvested101’s Substackstarted Jul 2025
  • Benjamin’s Substackstarted Jul 2025
  • Propegatorstarted Jul 2025
  • Xanlar’s Substackstarted Jul 2025
  • Le Substack de Invest Journeystarted Jun 2025
  • Per’s Substackstarted Jun 2025
  • Market Moves by GBCstarted Apr 2025 · mutual
  • Business Model Masterystarted Mar 2025 · mutual
  • Jacob Fieirasstarted Feb 2025
  • Vermogen Opbouwen Substackstarted Nov 2024
  • Haystack’s Substackstarted Nov 2024
  • Hidden Gems Investingstarted Nov 2024 · mutual
  • Viky’s Substackstarted Nov 2024
  • yuki777’s Substackstarted Sep 2024
  • Will’s Substackstarted Sep 2024
  • Tim’s Substackstarted Sep 2024
  • James’s Substackstarted Aug 2024
  • Volodymyr’s Substackstarted Aug 2024
  • 1035 Capital: Small Cap Reportstarted Jul 2024
  • Strategic Alpha - a Special Situations Gazettestarted Jul 2024
  • Ani’s Substackstarted May 2024

Recommends

  • Frederik Gieschen57k followers · started Nov 2023 · mutual
  • Michael Fritzell47k followers · started Feb 2024 · mutual
  • TSOH Investment Research39k followers · started Sep 2023 · mutual
  • Herb Greenberg26k followers · started Jun 2024
  • The Value Road19k followers · started Jul 18, 2026 · mutual
  • René Sellmann10k followers · started Aug 1, 2026 · mutual
  • JPARCVUEstarted Sep 29, 2026 · mutual
  • Raging Bull Investments started Sep 25, 2026
  • Dismissed & Asset-Backedstarted Sep 23, 2026
  • Triple S Special Situations Investingstarted Aug 26, 2026 · mutual
  • Continuous Compoundingstarted Jun 23, 2026
  • Value Don't Liestarted Jun 6, 2026
  • Deep-Value Stocksstarted Feb 18, 2026 · mutual
  • Pound the Rock Investingstarted Feb 3, 2026
  • ROE The Boatstarted Aug 2025
  • Market Moves by GBCstarted Apr 2025 · mutual
  • Business Model Masterystarted Mar 2025 · mutual
  • Rijnberk InvestInsightsstarted Mar 2025
  • Macro Mornings 💡started Jan 2025
  • Tactile Fund LPstarted Jan 2025
  • Rodrigo Villanueva - Attitude Small Capsstarted Nov 2024
  • Hidden Gems Investingstarted Nov 2024 · mutual
  • The Long Viewstarted Sep 2024
  • Clark Square Capital's Ultimate Valuestarted Aug 2024
All 39
  • The Hermitstarted Jul 2024
  • French Hidden Championsstarted Jul 2024
  • The Dollar Endgamestarted May 2024
  • Invest in Qualitystarted Mar 2024
  • Brazil Stocksstarted Aug 2023
  • DIY Investing Newsletterstarted Apr 2023
  • The Wolf of Harcourt Streetstarted Mar 2023
  • Investment theses in Small Caps & Macroeconomic analysisstarted Mar 2023
  • Edelweiss Capital Researchstarted Mar 2023
  • Treasure Huntingstarted Mar 2023
  • Overlooked Alphastarted Feb 2023
  • Mostly Microcapsstarted Feb 2023
  • Exploring with Alluvial Capitalstarted Feb 2023
  • Small Caps Lifestarted Jan 2023
  • Behavioral Value Investorstarted Jan 2023

Substack lists the 50 newest recommenders of each publication. I add every recommendation found in the full lists of the 6,392 publications I read, so writers with many recommenders may still be missing a few small ones. "Started" is Substack's date.

Who recommends writers like this one

Publications that recommend at least two other Finance writers with 10,000 to 50,000 followers (91 writers in that group), but not Capital Employed.

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