Building an Unfair Advantage
“The most important part of our thesis is recruiting the right board.”
Microcap investing education from experienced MicroCapClub investors on mindset, research process and building wealth in small companies.
“The most important part of our thesis is recruiting the right board.”
Alpha is generated by being a little different in a disciplined and thoughtful way.
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.
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.
Both stock picker and gambler need to develop a systematic approach to become consistent enough to take money from the casino, sportsbook or the stock market over the long-run.