Research, education, interviews, and insights from experienced microcap investors.
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 take advantage of the lessons learned.
The smaller the company the greater the emphasis investors should place on selecting the right founders and CEO’s. I try to find and invest in intelligent fanatics early.
We are entering the graduation season which of course is the time of commencement speeches. It makes me reflect on
Bernard Baruch once said, “Nobody ever lost money taking a profit.” I don’t know about that. Investing is hard.
Management competence is a significant factor that investors should research about a company prior to investing. To be more specific, I mostly mean the CEO.
Saurabh Madaan talks about a new mental model for thinking about evaluating businesses.