Active Patience means knowing what you are looking for and doing nothing until you find it.
“The most important part of our thesis is recruiting the right board.”
There’s only one reason to buy a stock, but there are infinite reasons to sell a stock.
Alpha is generated by being a little different in a disciplined and thoughtful way.
TerrAscend is a vertically integrated North American cannabis company with operations in Pennsylvania, New Jersey, Maryland, Michigan, and California.
Averaging down is a skill. Done well it can be your greatest asset. Done poorly it can mean disaster.
Nicolai Tangen is the CEO of Norges Bank Investment Management, Norway's $1.4 trillion sovereign wealth fund.
Idaho Strategic Resources (IDR) is an Idaho based gold producer which also owns the largest Rare Earth Elements land package in the United States.
Most of the multi-baggers that occur in the public markets are small businesses that look a lot like yours.
Dilution is the subtle erosion of ownership. This hidden, persistent addition of new supply of shares leaves shareholders with less and less of the company’s value. Dilution, like inflation, is a silent killer of returns.
I gave this keynote presentation at the SmallCap Discoveries Conference on October 11th, 2023.