Offside Analyst Program

Stop following the calls.
Start making them.

Offside Premium hands you the research. This does something different: it teaches you the process that produces it — macro read, liquidity, idea generation, screening, execution, and portfolio risk — the way it is actually run on a desk.

Taught directly by Gabriel Osorio Mazzilli. Ex Goldman Sachs, ex Citigroup Delta One.

7 chapters, plus a deep-value bonus track

Live Sessions With Gabriel

1 graduation requirement: a trade idea you can defend

See enrollment

Seats are limited on purpose. Read why below.

What you leave with

The coursework is the smallest part of this.

Material you can find. A process, a room, and a record you can point at — those are what the program is actually built to give you.

Ideas that are yours

The ability to generate, trade and profit from your own ideas — start to finish, without waiting on anyone's alert.

You learn where an idea comes from, how to test whether it is already priced in, and how to size it so being right actually pays.

A room that keeps working after graduation

Entry into the alumni ecosystem: a standing place to bring ideas, have them pulled apart, and pull apart everyone else's.

Access does not end when the material does. We keep working together and discussing ideas after you graduate.

03 · Why most people join

A track record, and a shot at the desk

Inside that ecosystem you get the chance to build a track record under the Offside name — real calls, dated, attributable to you.

That record is how we choose who we bring on as an Offside analyst. It is a pathway, not a placement — but it is the only door we use.

This is why we keep a tight lid on how many people we let in.

Every seat is 2–3 hours of live time a week and a place in a room we intend to hire out of. Scale that and both stop being worth anything. So the program stays small, and enrollment is not always open.

The curriculum

Seven chapters, built top‑down.

Every chapter exists because the next one cannot be done without it. You start at the level of the whole economy and finish holding a portfolio you can defend.

Chapter 01

Perspective — the index as a GDP forecast

The S&P 500 is the collective consensus on where GDP lands 12 to 18 months from now. Read it that way and its levels stop being lines on a chart.

Key S&P levels, and what a level relative to the lows and the highs signals about a shift in GDP assumptions
Why those levels matter mechanically, not psychologically
Where GDP is right now, what is driving it, and where the tailwinds and headwinds sit

Worked example. In the April 2025 Liberation Day selloff, the market fell to a specific level relative to all-time highs that triggered collateral supply. The same level could as easily have triggered a broader margin-call liquidation and taken us into a 2007–2008 scenario. Knowing which of the two you are looking at is the entire chapter.

Chapter 02

Liquidity — the drivers underneath the level

Once you have perspective on the index, you need the drivers, so you can be prepared for how to react rather than surprised by it. We start with money markets.

M2 money supply — and why the rate of change matters more than the level
Bond yields, nominal and real
Yield curves
Dollar products — swaps and other derivatives
Fed data — balance sheet, overnight repos, and the rest
Interest rates, nominal and real

Once you understand liquidity and its cycles, holding a bullish or bearish view stops being a feeling you have to defend and becomes a read you can show your work on.

Chapter 03

Transmission — where that money actually lands

Money moves from the markets into two places: businesses and consumers. We break down the indicators for both.

Businesses

The major industry indicators — PMIs, capacity utilization, building permits, housing starts
Risk metrics — high-yield spreads, bond trends, and the others that tell you which way to lean
A primer on factor performance tracking, so you know which kinds of businesses the market currently likes and dislikes. We finish the factor work in Chapter 07.

Consumers

Retail sales, credit card data, and the rest of the picture that shows where the consumer is heading

These lists are deliberately not final. You do not analyse a housing crisis with the same data you would use on a potential AI bubble — different situation, different data set. So you are kept current on what Gabriel starts watching and what he stops watching, and you get his own Excel models to work and study alongside.

Chapter 04

Idea generation — turning indicators into trades

You can now read and track the data. This is where you learn how it is actually used: how those indicators and their trends become trade and investment ideas that work.

How a macro read narrows into a specific, expressible idea
Screening for industries — PE, earnings growth, earnings yield, PEG and the rest
The question every screen has to answer: is your view already priced in?

Worked example. Cleveland-Cliffs, which moved more than 20% on earnings in August 2026, came out of exactly this step — an idea built by breaking down the indicators in Chapters 02 and 03, not by finding the ticker first.

Chapter 05

Selection — from the industry to the single name

You have the industries you like. Now you pick the stock.

You are given the master spreadsheet covering more than 2,000 stocks, to screen through and arrive at your own idea universe
How to build that universe — the metals trade produced a list of more than 25 names
How to spot the winner inside the list. Out of those 25, Cleveland-Cliffs was the clear one

You keep the universe. It is a working tool you scan whenever you choose, not a one-time handout.

Chapter 06

Execution — the foundations of trading

You have screened for the names. Now you learn to put them on.

Long/short equity strategies — what they are for, and how to implement them on the stocks you have already screened
The foundations of qualitative and quantitative analysis, so you can say why you are buying or shorting a company
Technical analysis the way executing traders use it — profiles, statistics, trending versus mean-reversion models

Forget chart patterns for now. That is not what this is.

Chapter 07

Portfolio management — the part most people skip

By now you have positions ready to go on. What you do not yet have is a read on how they affect each other, or on the risks hiding in the structure you have built.

Factor exposure, correlations, volatility and terminal Sharpe ratios
Where your returns are actually coming from — and when that means it is time to take profits
What to do when volatility in the market suddenly wakes up
Risk management — how to hedge, how to handle leverage, and the futures and options structures that improve capital management and returns

Bonus track

Deep value — optional, and only if you want it

If you decide to go the deep-value route, the foundational quantitative and qualitative work can be supplemented with how Gabriel breaks companies down and values them properly: detailed financial models, forecasts, tested assumptions, and a valuation target you arrived at yourself.

This has less to do with trading and more to do with investing. Williams-Sonoma and PulteGroup — bought in 2022, sold in 2025 — were driven by every tool above, plus that extra layer of modelling.

The distinction matters. You need everything above to be a value investor. You do not need the value bonus to be a trader. Scope and cost for the bonus track are discussed separately, after the foundational course, based on where you want to take it.

How it runs

This is not a video library you were sold once.

It is a working relationship with a fixed standard at the end of it.

Live sessions

2–3 live sessions with Gabriel every week, included in the program.

Assignments, live Excel training, support on live exercises, and whatever bottleneck is currently stopping you.

Models and tools

Gabriel's own Excel models — the ones he actually runs — to work and study alongside.

Plus the master screener covering more than 2,000 stocks, which stays yours.

The final stage

Dedicated live trading sessions. When you reach the last part of the program, you watch exactly how it is all done, in real time, as it happens.

After graduation

You enter the alumni ecosystem, and we keep working together and discussing ideas.

That is where the track record gets built, and where analyst selection happens.

The graduation rule

You graduate when you successfully pitch a trade idea — not when the material runs out.

Finishing a syllabus proves you watched. Defending an idea in front of someone who will take it apart proves you can do the job. Only one of those is worth anything to you, so only one of them ends the program.

Want to see inside first?

One full module is open, free. Read it before you decide whether the rest is for you.

Open the free module

Before you enroll

Be honest about which one you are.

This program asks for real work every week and ends with you defending an idea out loud. That suits some people enormously and suits others not at all.

If it is the second one, buy Offside Premium instead. You will get the research without the homework, for a fraction of the cost, and everyone ends up happier.

This is for you if

You want to originate ideas, not receive them
You will show up to 2–3 live sessions a week and do the assignments between them
You are comfortable in Excel, or willing to become comfortable fast
You want a track record with your name on it, and you know that takes time
You are interested in the analyst pathway, not just the material

This is not for you if

You want tickers to copy — that is what the trade alerts are for
You are looking for chart patterns and setups
You cannot commit weekly hours for the length of the program
You need a guaranteed return, or a guaranteed job at the end
You want it finished by a fixed date rather than by a standard

A fraction of an MBA. A fraction of the years spent climbing to the seat.

And unlike either of those, it ends with an idea you generated, screened, sized and defended yourself — in a room that is looking for exactly that.

Enroll in the Analyst Program

Enrollment is limited. If seats are closed, you will see it below.

Before You Enroll

Questions candidates ask first

How is this different from Offside Premium?

Offside Premium gives you the output: the trade alerts, the portfolio, the deep dives and the models behind every call. You read the research and act on it.

The Analyst Program gives you the process that produces the output. You learn to build the macro read, find the idea, screen for the name, put the trade on and manage the portfolio yourself — and then you defend one in front of Gabriel.

Do I get Offside Premium as well?

Yes. Enrolling in the Analyst Program includes everything in Offside Premium — the trade alerts, the live portfolio, the deep-dive research and the Telegram rooms. You do not need a separate subscription, and if you already have one, say so before you enroll.

What happens to my access after I graduate?

It does not end. Enrolling in the Analyst Program grants you lifetime access to everything Offside publishes — the research, the portfolio, the alerts — and to the alumni ecosystem, which is where the track record and the analyst pathway live.

You pay for the program once. You do not pay again to keep what it gave you.

How long does it take?

There is no fixed end date, because there is no fixed finish line made of videos. You graduate when you successfully pitch a trade idea, and how fast you get there depends on the hours you put in between the live sessions.

The live sessions and the support continue until you do. Nobody is timed out of the program for being thorough.

How does payment work?

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Do I need prior experience?

You do not need to have worked on a desk. You do need to be comfortable in Excel, or willing to become comfortable fast — a large part of the program is spent building and running models, and the live sessions include hands-on Excel training for exactly that reason.

What matters more than experience is that you actually do the work between sessions. This is the one thing the program cannot do for you.

What if I can't make a live session?

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Am I guaranteed a job as an Offside analyst?

No, and nobody should sell you one. What the program gives you is the pathway: entry into the alumni ecosystem and the chance to build a track record under it. That record is how we choose who we bring on.

It is a real door and it is the only one we use — but walking through it depends on the calls you make, not on the fee you paid.

Can I get a refund?

[REFUND_POLICY]

Is enrollment open right now?

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Seats are limited on purpose: every one of them is live time each week and a place in a room we intend to hire out of. Scale that and both stop being worth anything.

Stop following the calls.Start making them.