The Perils of Thesis Drift
The hardest part is catching yourself in the act of bad behavior and correcting it before it damages the portfolio.
Microcap investing education from experienced MicroCapClub investors on mindset, research process and building wealth in small companies.
The hardest part is catching yourself in the act of bad behavior and correcting it before it damages the portfolio.
How do you stay detached when you are friendly with management and own a stock for a long-time?
Successful investing is hard work because it means disciplining your mind to do the opposite of human nature.
Not every winner is meant for you. You can learn from them, but don't get distracted by them.
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.
In a commodity business, people aren’t just part of the equation. They are the equation.