# MicroCapClub > A vetted community of 250+ experienced microcap investors. 350+ multibagger stocks profiled since 2011. Free research, education and newsletter. Public Ghost content for AI and LLM tooling. Use `/llms-full.txt` for consolidated page and post context. Append `.md` to any post or page URL to get the content in Markdown (for example, `/example-post.md`). ## Pages - [About MicroCapClub](https://microcapclub.com/about.md) - MicroCapClub is the best idea generator, collaboration, and networking resource in the microcap space. MicroCapClub is an exclusive forum for experienced microcap investors to share and discuss microcap companies (sub $1 billion market cap) trading on global markets. Since 2011, our members have pr… - [MicroCap Experts](https://microcapclub.com/microcap-experts.md) - Our MicroCap Experts produce educational content and can be found on our community. - [Multibaggers](https://microcapclub.com/multibaggers.md) - 87% of all global equities that went up 1000% or more over the past ten years were microcaps. - [Newsletter](https://microcapclub.com/newsletter.md) - Free microcap investing articles, business breakdowns, interviews, and presentations from experienced MicroCapClub investors. - [Privacy Policy](https://microcapclub.com/privacy.md) - The Site allows users to register with MicroCapClub to receive periodic updates with Information. Registrants can register online, and are required to provide MicroCapClub with their e-mail address. By registering with MicroCapClub, you are consenting to have your personal data transferred to and p… - [Stock Picker Book](https://microcapclub.com/stock-picker.md) - How to develop the mindset, temperament, and strategy to outperform Wall Street - [Terms of Use](https://microcapclub.com/terms.md) - Modified January 12, 2016 1. Introduction, User’s Acknowledgment, and Acceptance of Terms MicroCapClub LLC (“MicroCapClub,” “We”) provides MicroCapClub.com (the “Site”) as a service to investors, traders, or anyone who accesses the Site (“You,” “Your,” “User,” “Users”). Your use of the Site or any… ## Posts - [Why Exchanges Beat the Market | James Davolos](https://microcapclub.com/why-exchanges-beat-the-market-james-davolos.md) - James Davolos is a portfolio manager at Horizon Kinetics, where he has spent nearly 21 years studying exchanges and what the firm calls croupier businesses. These are companies that earn fees on trading volume without putting their own capital at risk. One of his first projects at the firm was the… - [Keep Evolving](https://microcapclub.com/keep-evolving.md) - By 1969, Miles Davis was already a legendary jazz musician. Kind of Blue (1959) was already considered the greatest album of the entire genre. But by the end of the 1960’s, Davis's albums weren’t selling like they once did. At the age of 43, he felt like a relic of the past playing a previous gener… - [Lindbergh (LDB.MI): Rolling up Italian HVAC with vendor loans [Update]](https://microcapclub.com/lindbergh-ldb-mi-rolling-up-italian-hvac-with-vendor-loans-update.md) - In this Business Breakdowns, David Barbato sits down with Lindbergh’s (LDB.MI) CEO Michele Corradi and COO Andrea Allegrini. The company was originally profiled by MicroCapClub member "mavix" on October 2nd, 2023, at $2.09 EUR per share. Join MicroCapClub and unlock the ability to listen and partic… - [From Speculation to Investment](https://microcapclub.com/from-speculation-to-investment.md) - You can listen to this article as a podcast on Spotify, Apple, and YouTube. If you planted one hundred Douglas-fir trees with 12-foot spacing in a cleared area, what would happen in 80 years? Would you get a hundred trees that are the same size? No. In 80 years, a couple dozen would be huge (120 ft… - [What 10 Years in Oil and Gas Taught Me](https://microcapclub.com/what-10-years-in-oil-and-gas-taught-me.md) - You can listen/watch this conversation on Spotify, Apple Podcast, and YouTube - [700+ 1x1 management meeting requests are in - Here are the top 15](https://microcapclub.com/700-1x1-management-meeting-requests-are-in-here-are-the-top-15.md) - Where the best in microcap gather, connect and grow. - [Strata Critical Medical (SRTA): The Organ Transplant Logistics Roll-Up](https://microcapclub.com/strata-critical-medical-srta-the-organ-transplant-logistics-roll-up.md) - You can listen/watch this business breakdowns on Spotify, Apple Podcast, and YouTube - [💡Reminder - Get Your Bonus Chapter](https://microcapclub.com/reminder-get-your-bonus-chapter.md) - I wanted to send this quick reminder. If you purchased my new book Stock Picker, make sure to get this bonus chapter here. I've been blown away from all the kind words about the book. I'm glad it is making an impact on people. If you enjoyed the book, please give it a positive review on Amazon. It… - [Is AI Making Investors Dumber? | Michael Fritzell](https://microcapclub.com/is-ai-making-investors-dumber-michael-fritzell.md) - You can listen/watch this conversation on Spotify, Apple Podcast, and YouTube - [🔑 Unlock an Exclusive Bonus Chapter](https://microcapclub.com/unlock-an-exclusive-bonus-chapter.md) - I appreciate all of you that have purchased my new book, Stock Picker. As a Thank You, I'm giving away an exclusive bonus chapter that hasn't been published anywhere. You can get the chapter here, or click the image below. If you read the book and enjoyed it, please give it a positive review on Ama… - [Stock Picker is Now Available! Help spread the word.](https://microcapclub.com/stock-picker-is-now-available-help-spread-the-word.md) - Tell a friend. Leave a Review. - [30 Years of Berkshire Meetings in 60 Minutes](https://microcapclub.com/30-years-of-berkshire-meetings-in-60-minutes.md) - You can listen/watch this conversation on Spotify, Apple Podcast, and YouTube - [How to Live Off Your Portfolio](https://microcapclub.com/how-to-live-off-your-portfolio.md) - You can listen/watch this conversation on Spotify, Apple Podcast, and YouTube - [The New MicroCapClub Platform is Launching Soon](https://microcapclub.com/the-new-microcapclub-platform-is-launching-soon.md) - Launching End of September - [The Benefit of the Doubt](https://microcapclub.com/the-benefit-of-the-doubt.md) - I’ve learned that the best management teams build a capital allocation system that investors can understand, observe, and eventually trust, and after enough years of doing exactly what they said they would do, the market stops asking for proof every quarter. - [Is AI Coming for Accounting and Law? $KPG.AX $AFL.AX](https://microcapclub.com/is-ai-coming-for-accounting-and-law-kpg-ax-afl-ax.md) - You can listen/watch this conversation on Spotify, Apple Podcast, and YouTube - [The Stories We Tell Ourselves](https://microcapclub.com/the-stories-we-tell-ourselves.md) - Unfortunately, you’re never quite as smart as a rising stock makes you feel. And fortunately, you’re never as dumb as a falling stock makes you feel either. - [WidePoint Corporation (WYY): Securing the Government](https://microcapclub.com/widepoint-corporation-wyy-securing-the-government.md) - You can listen/watch this business breakdowns on Spotify, Apple Podcast, and YouTube - [83 Companies Confirmed!](https://microcapclub.com/83-companies-confirmed.md) - Where the best in microcap gather, connect and grow. - [Sitting Tight Doesn't Mean Holding Stocks: What Livermore Actually Meant](https://microcapclub.com/sitting-tight-doesnt-mean-holding-stocks-what-livermore-actually-meant.md) - He was able to sit and wait patiently in cash until the perfect situation presented itself to him. - [Club Conversation with Joe Kaye, Small Niches, Big Returns](https://microcapclub.com/club-conversation-with-joe-kaye-small-niches-big-returns.md) - You can listen/watch this conversation on Spotify, Apple Podcast, and YouTube - [LibertyStream Infrastructure (LIB.V/VLTLF): Inside the US Lithium Tech Disruption](https://microcapclub.com/libertystream-infrastructure-lib-v-vltlf-inside-the-us-lithium-tech-disruption-2.md) - You can listen/watch this business breakdowns on Spotify, Apple Podcast, and YouTube - [No One Starts Investing with a Blank Slate](https://microcapclub.com/no-one-starts-investing-with-a-blank-slate.md) - Before you study another company, study yourself. - [Update with Kelly Partners Group (KPG.AX/KPGHF): The Buy and Build Leaders in Accounting Services](https://microcapclub.com/update-with-kelly-partners-group-kpg-ax-kpghf-the-buy-and-build-leaders-in-accounting-services.md) - You can listen/watch this business breakdowns on Spotify, Apple Podcast, and YouTube - [Club Conversation with Leland Roach, Hidden Value in $MAYS, $BUKS, and $EVC](https://microcapclub.com/club-conversation-with-leland-roach-hidden-value-in-mays-buks-and-evc.md) - You can listen/watch this conversation on Spotify, Apple Podcast, and YouTube - [My New Book "Stock Picker" is Available in 30 Days!](https://microcapclub.com/my-new-book-stock-picker-is-available-in-30-days.md) - How to develop the mindset, temperament, and strategy to outperform Wall Street. - [Teqnion AB (TEQ.ST): Inside a Nordic Serial Acquirer](https://microcapclub.com/teqnion-ab-teq-st-inside-a-nordic-serial-acquirer.md) - You can listen/watch this business breakdowns on Spotify, Apple Podcast, and YouTube - [When the Greatest Stock Speculator Met the Greatest Gambler](https://microcapclub.com/when-the-greatest-stock-speculator-met-the-greatest-gambler.md) - The story of Jesse Livermore's conversation with Edward Bradley. - [Club Conversation with Deiya and Dean Pernas, 30% Net CAGR Since 2017](https://microcapclub.com/club-conversation-with-deiya-and-dean-pernas-30-net-cagr-since-2017.md) - You can listen/watch this conversation on Spotify, Apple Podcast, and YouTube - [It Checks All the Boxes, Except the One that Matters](https://microcapclub.com/it-checks-all-the-boxes-except-the-one-that-matters.md) - Your best ideas will become huge winners, complete disasters, and everything in between. It's your job to limit the disasters. - [Club Conversation with Clare Flynn Levy, Helping Fund Managers Outperform](https://microcapclub.com/club-conversation-with-clare-flynn-levy-helping-fund-managers-outperform.md) - You can listen/watch this conversation on Spotify, Apple Podcast, and YouTube - [200+ Investors Registered, 50+ Companies Confirmed, Join Us in Toronto!](https://microcapclub.com/200-investors-registered-50-companies-confirmed-join-us-in-toronto.md) - Where the best in microcap gather, connect and grow. - [High Expectations](https://microcapclub.com/high-expectations.md) - High multiples + high bullish chatter in microcaps is where future returns go to die. - [Update with Paragon Advanced Labs (PALS.V): High-Speed Mineral Testing Toll Booth](https://microcapclub.com/update-with-paragon-advanced-labs-pals-v-high-speed-mineral-testing-toll-booth.md) - You can listen/watch this business breakdowns on Spotify, Apple Podcast, and YouTube - [Playboy (PLBY): Cultural Icon, Back to Its Licensing Roots](https://microcapclub.com/playboy-plby-cultural-icon-back-to-its-licensing-roots.md) - You can listen/watch this business breakdowns on Spotify, Apple Podcast, and YouTube - [Same Process. Different Outcomes.](https://microcapclub.com/same-process-different-outcomes.md) - Every stock enters the portfolio with similar expectations and exits with dissimilar outcomes. - [Renoworks Software (RW.V / ROWKF): The Visualization Layer for Home Remodeling](https://microcapclub.com/renoworks-software-rw-v-rowkf-the-visualization-layer-for-home-remodeling.md) - You can listen/watch this business breakdowns on Spotify, Apple Podcast, and YouTube - [REGISTRATION OPEN - Planet MicroCap Toronto 2026](https://microcapclub.com/registration-open-planet-microcap-toronto-2026.md) - Our mission is to raise the standard across the microcap ecosystem. - [Pre-Order My New Book and Get the First Three Chapters Today](https://microcapclub.com/pre-order-my-new-book-and-get-the-first-three-chapters-today.md) - How to develop the mindset, temperament, and strategy to outperform Wall Street. - [Club Conversation with Sean Westropp, Deep Sail Capital's Microcap Playbook](https://microcapclub.com/club-conversation-with-sean-westropp-deep-sail-capitals-microcap-playbook.md) - You can listen/watch this conversation on Spotify, Apple Podcast, and YouTube - [Planet MicroCap Las Vegas 2026 Pitch Session](https://microcapclub.com/planet-microcap-las-vegas-2026-pitch-session.md) - We had some of the best microcap stock pickers in the world pitch their best ideas at the current price at Planet MicroCap Las Vegas 2026. We’ve posted the replays below. We look forward to seeing many of you in Toronto. * Paul Cerro, founder of Cedar Grove Capital Management, pitches LENSAR (LNSR)… - [The Reality of AI](https://microcapclub.com/the-reality-of-ai.md) - You can listen/watch this presentation on Spotify, Apple Podcast, and YouTube. - [ADF Group (DRX.TO): The Backbone of America's Biggest Builds](https://microcapclub.com/adf-group-drx-to-the-backbone-of-americas-biggest-builds.md) - You can listen/watch this business breakdowns on Spotify, Apple Podcast, and YouTube - [The Ecology of Ergodicity](https://microcapclub.com/the-ecology-of-ergodicity.md) - You can listen/watch this presentation on Spotify, Apple Podcast, and YouTube below - [Obsession](https://microcapclub.com/obsession.md) - Whether it's stock picking, your business, or a hobby, chase after your obsessions, and bring your family along for the ride. - [Club Conversation with Dylan Marrello, Asymmetric Bets in Hated Industries](https://microcapclub.com/club-conversation-with-dylan-marrello-asymmetric-bets-in-hated-industries.md) - You can listen/watch this conversation on Spotify, Apple Podcast, and YouTube. - [Club Conversation with Pedro Sousa, Private Equity Meets Microcaps](https://microcapclub.com/club-conversation-with-pedro-sousa-private-equity-meets-microcaps.md) - You can listen/watch this conversation on Spotify, Apple Podcast, and YouTube. - [Management Meetings: Access without Attachment](https://microcapclub.com/management-meetings-access-without-attachment.md) - The more I like a management team, the more important it becomes to check my conclusions against the facts. - [Club Conversation with Jeffrey Tory, 40 Years Investing in Canadian Microcaps](https://microcapclub.com/club-conversation-with-jeffrey-tory-40-years-investing-in-canadian-microcaps.md) - You can listen/watch this conversation on Spotify, Apple Podcast, and YouTube. - [Letting Your Losers Get Smaller](https://microcapclub.com/letting-your-losers-get-smaller.md) - Don’t add additional troops to a potentially bad situation. - [Investing Lessons From a Midnight Car Wash](https://microcapclub.com/investing-lessons-from-a-midnight-car-wash.md) - I was enjoying the best nap of my life on the couch when a slap on my leg jolted me awake. “Someone egged....and cheesed Claire’s car!” the voice sounded familiar. “You need to do something before it freezes!” I opened my eyes just enough to see my wife, Christine, standing over me in a concerned s… - [CareRx Corporation (CRRX.TO): Care Home Pharmacy](https://microcapclub.com/carerx-corporation-crrx-to-care-home-pharmacy.md) - You can listen/watch this conversation on Spotify, Apple Podcast, and YouTube. - [The Coach Who Never Stopped Rebuilding](https://microcapclub.com/the-coach-who-never-stopped-rebuilding.md) - The portfolio that made you made money five years ago is a historical artifact. The portfolio that keeps you wealthy is the one you have the courage to keep rebuilding. - [1Stdibs.Com (DIBS): The Curated Luxury Marketplace](https://microcapclub.com/1stdibs-com-dibs-the-curated-luxury-marketplace.md) - You can listen/watch this conversation on Spotify, Apple Podcast, and YouTube. - [[LAST CALL] Join 525+ Investors and 135+ Companies in Las Vegas](https://microcapclub.com/last-call-join-525-investors-and-135-companies-in-las-vegas.md) - Where the best in microcap gather, connect and grow. - [Club Conversation with Charlie Youakim, 85x Return in 3 Years](https://microcapclub.com/club-conversation-with-charlie-youakim-85x-return-in-3-years.md) - You can listen/watch this conversation on Spotify, Apple Podcast, and YouTube. - [We Are Vikings](https://microcapclub.com/we-are-vikings.md) - What three centuries of Norse raiders teach us about microcap investing - [BOS Better Online Solutions (BOSC): Defense Supply Chain Integrator](https://microcapclub.com/bos-better-online-solutions-bosc-defense-supply-chain-integrator.md) - You can listen/watch this conversation on Spotify, Apple Podcast, and YouTube. - [Investing is Not a Game of Perfect](https://microcapclub.com/investing-is-not-a-game-of-perfect.md) - The market is the most expensive psychiatrist's couch you'll ever sit on, and it will tell you more about who you are than any therapist could. - [Chris Mayer and Ian Cassel on the Edge AI Can’t Replicate](https://microcapclub.com/chris-mayer-and-ian-cassel-on-the-edge-ai-cant-replicate.md) - You can listen and watch on Spotify, Apple, and YouTube. - [Update with Golconda Gold (GG.V/GGGOF): Disciplined Gold Producer](https://microcapclub.com/update-with-golconda-gold-gg-v-gggof-disciplined-gold-producer.md) - You can listen/watch this conversation on Spotify, Apple Podcast, and YouTube. - [The Last Moat](https://microcapclub.com/the-last-moat.md) - The ultimate edge is still simply being present with management in varying ways that most other investors aren’t doing. - [Precipio (PRPO): Advanced Blood Diagnostics](https://microcapclub.com/precipio-prpo-advanced-blood-diagnostics.md) - You can listen/watch this conversation on Spotify, Apple Podcast, and YouTube. - [Club Conversation with Paul Andreola, Buying & Riding 100 Baggers](https://microcapclub.com/club-conversation-with-paul-andreola-buying-riding-100-baggers.md) - You can listen/watch this conversation on Spotify, Apple Podcast, and YouTube. - [Defending Your Convictions](https://microcapclub.com/defending-your-convictions.md) - As you gain more self-confidence you realize the more defending you do the more you anchor yourself to yesterday’s conviction. - [A Club Conversation with Rich Beaven, Cyclicals with a Catalyst](https://microcapclub.com/a-club-conversation-with-rich-beaven-cyclicals-with-a-catalyst.md) - You can listen/watch this conversation on Spotify, Apple Podcast, and YouTube. - [400+ Investors Registered, 115+ Companies Confirmed, Join Us!](https://microcapclub.com/400-investors-registered-115-companies-confirmed-join-us.md) - Where the best in microcap gather, connect and grow. - [Are You an Analyst or an Investor?](https://microcapclub.com/are-you-an-analyst-or-an-investor.md) - The transition from analyst to investor is found by developing your skillset beyond finding great ideas to executing on great ideas - [Club Conversation with Lee Freeman-Shor & Clare Flynn Levy, Stock Market Maestros](https://microcapclub.com/club-conversation-with-lee-freeman-shor-clare-flynn-levy-stock-market-maestros.md) - You can listen/watch this conversation on Spotify, Apple Podcast, and YouTube. - [MicroCapGUTS Index Update: Q1 2026](https://microcapclub.com/microcapguts-index-update-q1-2026.md) - MC-GUTS was down -0.2% in Q1 2026, underperforming the iShares Microcap ETF +2.0%, but outperforming the S&P 500 -4.4%, and Nasdaq -5.9% respectively. - [Find Your Swing](https://microcapclub.com/find-your-swing.md) - With every successful stock picker, you can find someone on the exact opposite side of the spectrum doing it at a GOAT level of competence and performance. - [Enterprise Group (E.TO/ETOLF): Infrastructure Services Specialist](https://microcapclub.com/enterprise-group-e-to-etolf-infrastructure-services-specialist.md) - You can listen/watch this conversation on Spotify, Apple Podcast, and YouTube. - [Should I Buy the Dip After a 60% Drawdown?](https://microcapclub.com/should-i-buy-the-dip-after-a-60-drawdown.md) - Do microcaps that experience deep drawdowns eventually recover? What about stocks that have strong fundamentals after the drawdown - are these potential buying opportunities? - [Club Conversation with Thomas Bachrach, The Frontier Investor](https://microcapclub.com/club-conversation-with-thomas-bachrach-the-frontier-investor.md) - You can listen/watch this conversation on Spotify, Apple Podcast, and YouTube. - [Finding Monsters in the Desert](https://microcapclub.com/finding-monsters-in-the-desert.md) - The Sahara desert is roughly the size of the United States. The microcap ecosystem can feel like the Sahara dessert. - [Strengths as Weaknesses](https://microcapclub.com/strengths-as-weaknesses.md) - “One marker that I’m seeing someone clearly is when I understand how their strengths are also their weaknesses, how their genius lives right next to their dysfunction.” - [EVS Broadcast Equipment SA (EVS.BR): The Backbone of Live Broadcasting](https://microcapclub.com/evs-broadcast-equipment-sa-evs-br-the-backbone-of-live-broadcasting.md) - You can listen/watch this conversation on Spotify, Apple Podcast, and YouTube. - [Analyzing the Decision Making of the World’s Best Investors](https://microcapclub.com/analyzing-the-decision-making-of-the-worlds-best-investors.md) - Following the success of The Art of Execution, Lee Freeman-Shor and Clare Flynn Levy team up to write another great book for stock pickers. - [Iridex Corp (IRIX): Transforming Eye Care](https://microcapclub.com/iridex-corp-irix-transforming-eye-care.md) - You can listen/watch this conversation on Spotify, Apple Podcast, and YouTube. - [High Conviction](https://microcapclub.com/high-conviction.md) - High concentration doesn't mean sizing big in the beginning. It means letting winning positions get big in the end. - [300+ Investors Registered, 80+ Companies Confirmed, Join Us!](https://microcapclub.com/300-investors-registered-80-companies-confirmed-join-us.md) - Where the best in microcap gather, connect and grow. - [NeurAxis (NRXS): Growth-Stage Medtech](https://microcapclub.com/neuraxis-nrxs-growth-stage-medtech.md) - You can listen/watch this conversation on Spotify, Apple Podcast, and YouTube. - [The Quicker the Rise, The Harder the fall](https://microcapclub.com/the-quicker-the-rise-the-harder-the-fall.md) - Microcaps have larger peak to trough drawdowns when compared to largecaps. What can we learn from them? - [High Tide Inc (HITI): Inside the Costco of Cannabis](https://microcapclub.com/high-tide-inc-hiti-inside-the-costco-of-cannabis.md) - You can listen/watch this conversation on Spotify, Apple Podcast, and YouTube. - [D-BOX Technologies (DBO.TO / DBOXF): Inside the Haptics Powering Modern Cinema](https://microcapclub.com/d-box-technologies-dbo-to-dboxf-inside-the-haptics-powering-modern-cinema.md) - You can listen/watch this conversation on Spotify, Apple Podcast, and YouTube. - [New Book - Stock Picker by Ian Cassel](https://microcapclub.com/new-book-stock-picker-by-ian-cassel.md) - How to develop the mindset, temperament, and strategy to outperform Wall Street. - [A Club Conversation with Michael Liu, Biotech Trading](https://microcapclub.com/a-club-conversation-with-michael-liu-biotech-trading.md) - You can listen/watch this conversation on Spotify, Apple Podcast, and YouTube. - [Cybeats Technologies (CYBT/CYBT.CN): SBOM Management Platform](https://microcapclub.com/cybeats-technologies-cybt-cybt-cn-sbom-management-platform.md) - You can listen/watch this conversation on Spotify, Apple Podcast, and YouTube. - [From Disaster to Triumph](https://microcapclub.com/from-disaster-to-triumph.md) - Some of the biggest returns can come from turnarounds at the time of management change. - [Club Conversation with Dave Waters, Dark Stock Investing](https://microcapclub.com/club-conversation-with-dave-waters-dark-stock-investing.md) - You can listen/watch this conversation on Spotify, Apple Podcast, and YouTube. - [Intelligent Monitoring Group Ltd (IMB.AX): Security Monitoring at Scale](https://microcapclub.com/intelligent-monitoring-group-ltd-imb-ax-security-monitoring-at-scale.md) - You can listen/watch this conversation on Spotify, Apple Podcast, and YouTube. - [Paragon Advanced Labs (PALS.V): High-Speed Mineral Testing Toll Booth](https://microcapclub.com/paragon-advanced-labs-pals-v-high-speed-mineral-testing-toll-booth.md) - You can listen/watch this conversation on Spotify, Apple Podcast, and YouTube. - [LibertyStream Infrastructure (LIB.V / VLTLF): Inside the US Lithium Tech Disruption](https://microcapclub.com/libertystream-infrastructure-lib-v-vltlf-inside-the-us-lithium-tech-disruption.md) - You can listen/watch this conversation on Spotify, Apple Podcast, and YouTube. - [210+ Investors Registered / 50+ Companies Confirmed / Join Us!](https://microcapclub.com/210-investors-registered-50-companies-confirmed-join-us.md) - Our mission is to raise the standard across the microcap ecosystem. - [Lindbergh SPA (LDB.MI): The HVAC Serial Acquirer Paying 2x EBITDA](https://microcapclub.com/lindbergh-spa-ldb-mi-the-hvac-serial-acquirer-paying-2x-ebitda.md) - You can listen/watch this conversation on Spotify, Apple Podcast, and YouTube. - [Winning and Losing](https://microcapclub.com/winning-and-losing.md) - When you realize it’s a toss of a coin whether you make money on a stock, and that’s the average of the best investors in the world. Then it hits you what matters most is how you react when you are winning and losing. - [Club Conversation with Tim Hanson, Making Millions in Boring Businesses](https://microcapclub.com/club-conversation-with-tim-hanson-making-millions-in-boring-businesses.md) - You can listen/watch this conversation on Spotify, Apple Podcast, and YouTube. - [Armanino Foods (AMNF): The Leading Producer of Italian and Specialty Foods](https://microcapclub.com/armanino-foods-amnf-the-leading-producer-of-italian-and-specialty-foods.md) - As the dominant U.S. foodservice pesto leader, the company leverages a debt-free "fortress" balance sheet to fund aggressive automation and international expansion. - [How to Avoid Dilution in Microcaps - A Dilution Risk Scorecard](https://microcapclub.com/how-to-avoid-dilution-in-microcaps-a-dilution-risk-scorecard.md) - We can predict future microcap equity dilution and equity dilution can predict future returns. - [Club Conversation with David Gardner, the Rule Breaker](https://microcapclub.com/club-conversation-with-david-gardner-the-rule-breaker.md) - You can listen/watch this conversation on Spotify, Apple Podcast, and YouTube. - [Proven Survivors](https://microcapclub.com/proven-survivors.md) - When a management team handles themselves with honor and distinction in the worst of times, it allows you to trust them with the best of times. - [Club Conversation with Aswath Damodaran, the Dean of Valuation](https://microcapclub.com/club-conversation-with-aswath-damodoran-the-dean-of-valuation.md) - You can listen/watch this conversation on Spotify, Apple Podcast, and YouTube. - [Mama's Creations (MAMA) - The National Deli Solutions Company](https://microcapclub.com/mamas-creations-mama-the-national-deli-solutions-company.md) - The company has a vision of becoming a $1 billion business that “owns” the fresh deli space. - [MicroCapGUTS Index Update: Q4 2025](https://microcapclub.com/microcapguts-index-update-q3-2025-2.md) - MC-GUTS was up +37.6% in 2025, outperforming the iShares Microcap ETF +22.5%, S&P 500 +17.7%, and Nasdaq +20.8% respectively. - [Planet MicroCap Holdings LLC, owned by Ian Cassel, Acquires Planet MicroCap LLC to Expand into In-Person Events](https://microcapclub.com/planet-microcap-holdings-llc-owned-by-ian-cassel-acquires-planet-microcap-llc-to-expand-into-in-person-events.md) - Acquisition Unlocks Robust Synergies Across Online Community and In-Person Events - [Club Conversation with Howard Marks, Oaktree’s Quiet Legend](https://microcapclub.com/club-conversation-with-howard-marks-oaktrees-quiet-legend.md) - You can listen/watch this conversation on Spotify, Apple Podcast, and YouTube. - [BeWhere Holdings (BEW.V / BEWFF) - A Software Business Focused on The Internet of Things](https://microcapclub.com/bewhere-holdings-bew-v-bewff-a-software-business-focused-on-the-internet-of-things.md) - ARR now covers all fixed expenses, so growth creates significant contribution margin as the platform scales. - [Quality - The Most Overused Term in Investing](https://microcapclub.com/quality-the-most-overused-term-in-investing.md) - Quality is extremely difficult to find in small public companies - [The “Illiquidity” Premium – Fact or Fiction?](https://microcapclub.com/the-illiquidity-premium-fact-or-fiction.md) - Microcaps are often described as “illiquid” – we look at what that actually means, how liquidity has varied over time and how it has impacted returns. - [Sanara MedTech (SMTI) – A Profitable 90%+ Gross Margin Surgical Products Business](https://microcapclub.com/sanara-medtech-smti-a-profitable-90-gross-margin-surgical-products-business.md) - Shutting down an unprofitable business in 2025, will allow the great business to shine through in 2026 and beyond. - [The Psychological Burden of Concentration](https://microcapclub.com/the-psychological-burden-of-concentration.md) - You must accept that your best ideas will feel uncomfortable - [Stock Prices](https://microcapclub.com/stock-prices.md) - Most investors definition of a quality business or quality management has nothing to do with quality - it’s simply the stock you own that is up the most in the last 12-months. - [NameSilo (URL.CN / URLOF): The Low Price Domain Registrar](https://microcapclub.com/namesilo-url-cn-urlof-the-low-price-domain-registrar.md) - Reinvesting Cashflow into High IRR Private to Public opportunities. - [Uncovering the Edge in Canadian Microcaps](https://microcapclub.com/uncovering-the-edge-in-canadian-microcaps.md) - Canadian microcaps have fewer stocks covered by analysts, fewer analysts per stock, and lesser institutional ownership - [REGISTER TODAY - Planet MicroCap Las Vegas 2026](https://microcapclub.com/register-today-planet-microcap-las-vegas-2026.md) - Our mission is to raise the standard across the microcap ecosystem. - [Hydreight Technologies (NURS.V/HYDTF): The Mobile Healthcare and Telemedicine Innovator](https://microcapclub.com/hydreight-technologies-nurs-v-hydtf-the-mobile-healthcare-and-telemedicine-innovator.md) - A Rapidly Growing Healthcare Company - [Master and Apprentice](https://microcapclub.com/master-and-apprentice.md) - The perils of imitation and the discipline of making your own path - [Art and Investing](https://microcapclub.com/art-and-investing.md) - Great collectors, like great investors, see talent before institutions do. - [The Spotlight](https://microcapclub.com/the-spotlight.md) - When you buy things to draw attention to yourself, all you attract is the wrong people. - [MicroCapGUTS Index Update: Q3 2025](https://microcapclub.com/microcapguts-index-update-q3-2025.md) - MC-GUTS was up +32.4% YTD, outperforming the iShares Microcap ETF +15.2%, S&P 500 +14.7%, and Nasdaq +17.9% respectively. - [Warren Buffett, Sun Tzu and the Ancient Art of Risk-Taking](https://microcapclub.com/warren-buffett-sun-tzu-and-the-ancient-art-of-risk-taking.md) - A brilliant book combining Buffett’s greatest investments with Sun Tzu’s timeless strategies. - [The Myth and Math of 10-Baggers: What Investors Overlook](https://microcapclub.com/the-myth-and-math-of-10-baggers-what-investors-overlook.md) - 10X stocks are wonderful - if you can find them, position them, hold thru deep drawdowns, and avoid round-trippers - [Looking Beyond the Numbers](https://microcapclub.com/looking-beyond-the-numbers.md) - A business always rises and falls to the quality level of management’s decision making. - [Ascent Industries (ACNT): The Specialty Chemicals Business Executing a Transformation](https://microcapclub.com/ascent-industries-acnt-the-specialty-chemicals-business-executing-a-transformation.md) - Chemicals-as-a-Service - [LAST CHANCE – 360+ Investors Registered / 67 Companies Confirmed / Join Us!](https://microcapclub.com/last-chance-360-investors-registered-67-companies-confirmed-join-us.md) - Our mission is to raise the standard across the microcap ecosystem. - [The Perils of Thesis Drift](https://microcapclub.com/the-perils-of-thesis-drift.md) - The hardest part is catching yourself in the act of bad behavior and correcting it before it damages the portfolio. - [Golconda Gold (GG.V / GGGOF): A Profitable Gold Producer Focused on Increasing Production and Not Diluting](https://microcapclub.com/golconda-gold-gg-v-gggof-a-profitable-gold-producer-focused-on-increasing-production-and-not-diluting.md) - The company expects to triple gold production over the next three years. - [How do you get management to talk about things they don't want to talk about?](https://microcapclub.com/how-do-you-get-management-to-talk-about-things-they-dont-want-to-talk-about.md) - How do you stay detached when you are friendly with management and own a stock for a long-time? - [BluMetric Environmental (BLM.V / BLMWF): A Growing Environmental Solutions and Water Technology Company](https://microcapclub.com/blumetric-environmental-blm-v-blmwf-a-growing-environmental-solutions-and-water-technology-company.md) - The medium-term goal is $100 million in sales and $10 million in EBITDA. - [Bull Markets](https://microcapclub.com/bull-markets.md) - Successful investing is hard work because it means disciplining your mind to do the opposite of human nature. - [Talent Distribution](https://microcapclub.com/talent-distribution.md) - Where do you personally fall on the bell curve? - [280+ Investors Registered / 55+ Companies Confirmed / Preliminary Speaker Lineup / Join Us!](https://microcapclub.com/280-investors-registered-55-companies-confirmed-preliminary-speaker-lineup-join-us.md) - Our mission is to raise the standard across the microcap ecosystem. - [Fear Of Missing Out (FOMO)](https://microcapclub.com/fear-of-missing-out-fomo.md) - Not every winner is meant for you. You can learn from them, but don't get distracted by them. - [How long will it Last?](https://microcapclub.com/how-long-will-it-last.md) - Every microcap multi-bagger is the result of a management team that strung together two or more great quarters in a row. The more quarters they string together the higher the stock goes. - [Investing Against the Tide by Anthony Bolton](https://microcapclub.com/investing-against-the-tide-by-anthony-bolton.md) - Bolton highlights the emotional and behavioral tendencies that most negatively impact our investing. - [A Conversation with Jacob Ma-Weaver of Cable Car Capital LP](https://microcapclub.com/a-conversation-with-jacob-ma-weaver-of-cable-car-capital-lp.md) - We dive into several of his investment approaches, including shorting, litigation funding, India IPOs, structured financings, activism, negative EV biotechs, crypto treasury stocks, and more. - [Cannara Biotech (LOVE.V): Premium Cannabis at Affordable Prices](https://microcapclub.com/cannara-biotech-love-v-premium-cannabis-at-affordable-prices.md) - In the most recent quarter Cannara delivered its highest revenue and profitability since inception. - [10X Microcaps and Multibaggers – What Really Drives High Returns?](https://microcapclub.com/10x-microcaps-and-multibaggers-what-really-drives-high-returns.md) - I analyze largecap and microcap multi-baggers across three and ten year periods. - [How Do You Achieve a 30% CAGR over 27 years in the Oil and Gas Industry?](https://microcapclub.com/how-do-you-achieve-a-30-cagr-over-27-years-in-the-oil-and-gas-industry.md) - In a commodity business, people aren’t just part of the equation. They are the equation. - [Tantalus Systems (GRID.TO): Helping Utilities Modernize Distribution Grids](https://microcapclub.com/tantalus-systems-grid-to-helping-utilities-modernize-distribution-grids.md) - Tantalus has achieved a customer retention rate of 99% over multiple decades, while serving as a true partner to the utilities they support and to the communities they serve. - [Join Us in Toronto - 180+ Investors Already Registered!](https://microcapclub.com/register-today-planet-microcap-toronto-in-partnership-with-microcapclub-2.md) - Our mission is to raise the standard across the microcap ecosystem. - [No Paralysis Through Analysis](https://microcapclub.com/no-paralysis-through-analysis.md) - Fat pitches are thrown fast and slow. It's your job to be prepared for both. - [Choose Your Own Way](https://microcapclub.com/choose-your-own-way.md) - Trusting your own judgment doesn’t mean you’re always right. It means you’re willing to be wrong on your own terms. - [MicroCapGUTS Index Update: Q2 2025](https://microcapclub.com/microcapguts-index-update-q2-2025.md) - MC-GUTS was up +16.5% YTD, outperforming the iShares Microcap ETF -1.6%, S&P 500 +5.4%, and Nasdaq +7.9% respectively. - [What is the difference between Good, Great, and G.O.A.T stock pickers?](https://microcapclub.com/what-is-the-difference-between-good-great-and-g-o-a-t-stock-pickers.md) - I was recently interviewed by Kyle Grieve on The Investor's Podcast. - [Lucky Breaks](https://microcapclub.com/lucky-breaks.md) - Skilled management can take the limited resources and luck they’ve been given and multiply it. Mediocre management can’t. - [A Conversation with Christian Schmidt](https://microcapclub.com/a-conversation-with-christian-schmidt.md) - Full-time private investor explains his investment strategy and gives us an overview Tracktacle.com. - [New MicroCapClub Screening Tool](https://microcapclub.com/new-microcapclub-screening-tool.md) - Our community is filled with discussion, due diligence, and analysis on 1300+ microcap companies. - [5 Ways to Look at Return on Invested Capital (ROIC) for Microcaps](https://microcapclub.com/5-ways-to-look-at-return-on-invested-capital-roic-for-microcaps.md) - A quantitative look at the popular factor ROIC and how it relates to microcaps - [BranchOut Food (BOF): An Emerging Player in the Natural Foods Space](https://microcapclub.com/branchout-food-bof-an-emerging-player-in-the-natural-foods-space.md) - New facility will expand production capacity to $40 million annually. - [Small Stocks are Roller Coasters](https://microcapclub.com/small-stocks-are-roller-coasters.md) - “The valuation of every company is simply a number from today multiplied by a story about tomorrow.” - Morgan Housel - [Supreme PLC (SUP.L): A Leading Distributor in Fast Moving Consumer Goods](https://microcapclub.com/supreme-plc-sup-l-a-leading-distributor-in-fast-moving-consumer-goods.md) - Supreme PLC's portfolio covers a wide range of FMCG products, including batteries, nutritional supplements, lighting products and vaping products. - [The Launch of the MicroCapGUTS Index!](https://microcapclub.com/the-launch-of-the-microcapguts-index.md) - The MicroCapGUTS Index is intended to find quality microcap stocks across the US, Canada and Europe that exhibit the evidence-based GUTS factors, and track their performance as a group over time. - [REGISTER TODAY - Planet MicroCap Toronto in Partnership with MicroCapClub](https://microcapclub.com/register-today-planet-microcap-toronto-in-partnership-with-microcapclub.md) - Our mission is to raise the standard across the microcap ecosystem. - [Investing with GUTS: An Evidence Based Approach to MicroCaps](https://microcapclub.com/investing-with-guts-an-evidence-based-approach-to-microcaps.md) - A quant approach to microcap investing. - [Simply Better Brands (SBBC.V): The Team Behind the Growth of TRUBAR](https://microcapclub.com/simply-better-brands-sbbc-v-the-team-behind-the-growth-of-trubar.md) - SBBC expanded TRUBARs regional and national footprint and achieved its goal of 15,000 stores by year-end 2024 with TRUBAR sales increasing 77% over 2023. - [A Candid Buy-Side Perspective on Transformative Microcap Storytelling by Adam Epstein](https://microcapclub.com/a-candid-buy-side-perspective-on-transformative-microcap-storytelling-by-adam-epstein.md) - Great stocks are a product of great fundamentals and great storytelling. - [My Presentation from Planet MicroCap Las Vegas 2025](https://microcapclub.com/my-presentation-from-planet-microcap-las-vegas-2025.md) - You came for the companies, but you will come back because of the investors you met. - [The Secret to Compounding](https://microcapclub.com/the-secret-to-compounding.md) - When you take care of today, tomorrow takes care of itself. - [SANUWAVE Health (SNWV): A Disruptive Razor-Blade Medical Device Company Growing 50%](https://microcapclub.com/sanuwave-health-snwv-a-disruptive-razor-blade-medical-device-company-growing-50.md) - The company recently gave guidance for 50% growth in 2025 and expects 50% contribution margin on incremental revenue as they scale. - [Michael Steinhardt - In His Own Words](https://microcapclub.com/michael-steinhardt-in-his-own-words.md) - Steinhardt was a fundamental stock picker, but he was short-term. He was also a top-down macro trader. He also shorted. He was so different. He didn’t fit in a box. - [The ROI of Your Mother](https://microcapclub.com/the-roi-of-your-mother.md) - Customer delight cannot be measured, but is just as important as the things that are measured. - [Be Superman](https://microcapclub.com/be-superman.md) - Every so often the market throws us a gut punch we didn't see coming. It hits us so hard it could almost bring Superman to his knees. - [Laird Superfood (LSF): A Better-For-You CPG Pioneer](https://microcapclub.com/laird-superfood-lsf-a-better-for-you-cpg-pioneer.md) - A category leading, authentic consumer products company that makes money is rare to find in a sub-$100 million public company. - [Keep Throwing Spears](https://microcapclub.com/keep-throwing-spears.md) - Every investor has a moment where they have to decide: trust the consensus, or throw the spear. - [[LAST CALL] Join 470+ Investors and 100+ Companies in Las Vegas](https://microcapclub.com/last-call-join-470-investors-and-100-companies-in-las-vegas-2.md) - The largest gathering of microcap investors in the United States. - [iShares Microcap ETF (IWC) – A Benchmark that is Not Very Microcap](https://microcapclub.com/ishares-microcap-etf-iwc-a-benchmark-that-is-not-very-microcap.md) - The IWC underweights the highest performing group, microcaps that are profitable & growing earnings. - [KITS Eyecare (KITS.TO): The Fastest-Growing Optical Company to Achieve $150 million in Sales](https://microcapclub.com/kits-eyecare-kits-to-the-fastest-growing-optical-company-to-achieve-150-million-in-sales.md) - A repeat winning management team that built and sold the world's largest online eyewear retailer for $430 million get back together to do it all again. - [Great Stocks Evolve But Most Investors Don’t](https://microcapclub.com/great-stocks-evolve-but-most-investors-dont.md) - It’s extremely difficult to capture the right tail of monster winners because they are constantly evolving. - [BuildDirect (BILD.V): Omnichannel Flooring Disruptor with Pro-Driven Growth](https://microcapclub.com/builddirect-bild-v-omnichannel-flooring-disruptor-with-pro-driven-growth.md) - Management’s goal is to expand from 9 locations to 50+ locations using a capital efficient, high IRR growth strategy. - [Investing Without A Parachute](https://microcapclub.com/investing-without-a-parachute.md) - In bull markets and flat markets, there’s no need for a parachute—you’re still on the plane, climbing higher, cruising effortlessly. But sooner or later, Mr. Market kicks you out. And that’s when reality hits. - [A Solid Foundation is Buying at a Low Valuation](https://microcapclub.com/a-solid-foundation-is-buying-at-a-low-valuation.md) - To find a 10-bagger first find a stock that can double in three years with conservative fundamental assumptions and no multiple expansion. - [Enterprise Group (E.TO): A Specialized Equipment and Power Provider with 40% EBITDA Margins](https://microcapclub.com/enterprise-group-e-to-a-specialized-equipment-and-power-provider-with-40-ebitda-margins.md) - The anticipated forthcoming LNG boom in Canada provides a significant tailwind for the company, and its financial performance indicates that it is well-positioned to capitalize on this opportunity. - [JOIN 400+ INVESTORS - Planet MicroCap Las Vegas 2025](https://microcapclub.com/join-400-investors-planet-microcap-las-vegas-2025.md) - The largest gathering of microcap investors in the United States. - [The Conviction that Inspires Us](https://microcapclub.com/the-conviction-that-inspires-us.md) - The best stock ideas are hated or unknown in the beginning and loved in the end. - [Join the MicroCap Revolution!](https://microcapclub.com/join-the-microcap-revolution.md) - There are a bunch of small stocks that will 10x over the next five years that are waiting to be found. Institutions can’t buy them. Only you can. - [Kingsway Financial Services: Revolutionizing the Search Fund Model](https://microcapclub.com/kingsway-financial-services-revolutionizing-the-search-fund-model.md) - The company uses its Search Xcelerator program to find talented operators to lead the high quality businesses it acquires. William Thorndike and past CEO of Danaher are advisors to the company. - [A Conversation with Michael Melby of Gate City Capital Management](https://microcapclub.com/a-conversation-with-michael-melby-of-gate-city-capital-management.md) - Deep Value + Quality Management = Outsized Returns - [MCC Profitable Index Q4 2024 Update](https://microcapclub.com/mcc-profitable-index-q4-2024-update.md) - Several multi-baggers are likely hiding in plain sight in the index. As part of our community, you gain access to this incredible tool and will be able to view its constituents. - [MicroCapClub Top 10 Articles of 2024](https://microcapclub.com/microcapclub-top-10-articles-of-2024.md) - Our goal is to reflect, educate and inspire with our articles. - [No One To Blame](https://microcapclub.com/no-one-to-blame.md) - Stock picking is an individual sport so the winning streaks are intoxicating and the losing streaks excruciating. It's how we deal with both extremes that sets us up for long-term success. - [Grifting and Gullibility in Market Manias](https://microcapclub.com/grifting-and-gullibility-in-market-manias.md) - It's when people are at their weakest and most desperate that grifters emerge in full force. - [Learning from Mistakes](https://microcapclub.com/learning-from-mistakes.md) - “Sometimes you have to write bad songs to get to the good ones." - John Mayer - [A Conversation with Harris Perlman](https://microcapclub.com/a-conversation-with-harris-perlman.md) - Microcap investing + financial independence - [Research Solutions: The Bloomberg of Scientific Research](https://microcapclub.com/research-solutions-the-bloomberg-of-scientific-research.md) - Research Solutions is a SaaS subscription platform business that specializes in document distribution and management for the scientific, technical and medical community as well as academic institutions and corporations. - [Haypp Group: The Market Leader in Nicotine Pouches](https://microcapclub.com/haypp-group-haypp-st-the-market-leader-in-nicotine-pouches.md) - Haypp is the largest online retailer of nicotine pouches in the world, operating multiple e-commerce stores in the US and in Europe. - [Good Business Great Stock](https://microcapclub.com/good-business-great-stock.md) - If you find a well-run cash generative micro/smallcap, share this article with the management team. Subject: Just Do This! - [REGISTER TODAY - Planet MicroCap Las Vegas in Partnership with MicroCapClub](https://microcapclub.com/register-today-planet-microcap-las-vegas-in-partnership-with-microcapclub-2.md) - We are teaming up to make Planet MicroCap Las Vegas the best large format microcap event in North America. - [Stock Picking is a Game of Self-Confidence](https://microcapclub.com/stock-picking-is-a-game-of-self-confidence.md) - If you’ve been a stock picker for 10+ years a small part of you always wonders if the last big win you had was your last. You must not believe that. - [A Conversation with Grant Williams](https://microcapclub.com/a-conversation-with-grant-williams.md) - Grant is a phenomenal conversationalist across a variety of financial subjects. - [The Inner Animal](https://microcapclub.com/the-inner-animal.md) - “If you don’t have integrity, the other two (intelligence and energy) will kill you.” - Warren Buffett - [The Run](https://microcapclub.com/the-run.md) - If you consider yourself a stock picker – at some point in your life you must do the work others aren’t willing to do and form extreme conviction in something you believe in. - [DIRTT Environmental Solutions: The Global Leader in Industrialized Construction](https://microcapclub.com/dirtt-environmental-solutions-the-global-leader-in-industrialized-construction.md) - DIRTT has built sustainable workspaces for 30% of the Fortune 500 companies. - [MCC Profitable Index Q3 2024 Update](https://microcapclub.com/mcc-profitable-index-q3-2024-update.md) - Several multi-baggers are likely hiding in plain sight in the index. As part of our community, you gain access to this incredible tool and will be able to view its constituents. - [Avoiding the ‘Uh-Oh’ Moments](https://microcapclub.com/avoiding-the-uh-oh-moments.md) - With every investment, there are things you can’t control, so you need a plan for reacting to the unexpected. - [Kelly Partners Group - The Buy and Build Leaders in Accounting Services](https://microcapclub.com/kelly-partners-group-the-buy-and-build-leaders-in-accounting-services.md) - KPG has a buy and build strategy of acquiring accounting firms in Australia and the US and are planning to expand their playbook to new geographies. - [A Conversation with Jason Hirschman](https://microcapclub.com/a-conversation-with-jason-hirschman.md) - Jason is a full-time private investor that has turned a small portfolio into a large nine figure portfolio from stock picking. - [A Conversation with Anthony Deden](https://microcapclub.com/a-conversation-with-anthony-deden.md) - Join MicroCapClub and unlock the ability to listen and participate live in these discussions. - [The Hidden Lessons from Monster Beverage Corporation](https://microcapclub.com/the-hidden-lessons-from-monster-beverage-corporation.md) - It's the first 11 years when Monster Beverage was still a microcap that are the most instructive. - [Judas Goat](https://microcapclub.com/judas-goats.md) - The world doesn’t need more sheep. The world doesn’t need another Judas goat. ## Optional - [RSS Feed](https://microcapclub.com/rss/) - [Sitemap](https://microcapclub.com/sitemap.xml) - [Full content of pages and posts](https://microcapclub.com/llms-full.txt)