It is incredibly humbling, inspiring, and a bit scary when you realize that one great investment can make your year, decade, and even career. In 1980, Stewart Horejsi was having …

I gave this presentation at the Smallcap Discoveries Conference on October 18th, 2018. The audience seemed to really enjoy it. I hope you enjoy it as well. Investing is Hard. …

It’s human nature when you lose money quickly you want to make it back twice as quick. During these times it’s important to slow down, keep focused, and stick to …

When you are trying to find great businesses early, intelligent fanatics early, before it’s obvious in the financials, there are a lot of moving parts and imperfect information. These companies …

“Ben Graham called me on the phone, as I recall in 1969, maybe 1970. He said, ‘I’ve got a copy of your Growth Stock Outlook and I’ve been very intrigued …

When I was younger I would immediately take big positions. If I liked something, I would go all in. I was fearless. This strategy worked until it didn’t. Today I …

The luckiest part of my investing career is that I’ve been old enough (37) to have emotionally invested through two bear markets (1999-2001 and 2008-2009) but still young enough to …

I’m a full time private microcap investor. The smaller the company the greater the emphasis investors should place on selecting the right founders and CEO’s. I try to find and …

We are entering the graduation season which of course is the time of commencement speeches. It makes me reflect on what I want my children to know about investing particularly …

On June 30th 1997, Amazon.com (AMZN) was trading at a split adjusted $1.50 per share and was valued at $700 million. That day the stock traded 228,900 shares in a range …