Jul 7, 2022
Ian Cassel is the founder of
MicroCapClub, a community where hundreds of investors have
discussions on US and Canadian microcap companies. They also help
you become better investors with educational content covering
investing strategies, intelligent fanatic CEOs, great investors,
and more.
Ian is also Founder and CIO at Intelligent Fanatics Capital
Management, whose goal is to own the smallest, most illiquid, least
institutionally owned, misunderstood businesses that are run by
intelligent fanatics.
- Ian’s Twitter: https://twitter.com/iancassel
- MicroCapClub: https://microcapclub.com/
- Intelligent Fanatics Capital
Management: https://if.capital/
Show
Notes:
- Microcaps are boons for
quants
- How Ian fell in love with
microcaps
- Managing other people’s
money
- Advantages and risks of microcap
investing
- Profitability, scarcity, and
great stories
- The top-down and bottom-up
investment framework
- Not being limited by minimum
market caps
- Being a hands-on
investor
- Turnovers in microcap
portfolios
- PE taking over microcap
firms
- Increasing the flywheel of
serendipity
- Preparing to be
effortless
- Not getting into arguments with
people with made up minds
- Being honest about your
investment approach
- The “mute” button
hack
- Identifying bad
management
- Importance of base
rates
- Educating about
microcaps
- Optimism beats
pessimism
- Do macroeconomic factors really
matter?
- What is chasing
you?
Books
Mentioned:
- The Psychology of Money, by
Morgan Housel
- The Tao Jones Averages, by Bennett Goodspeed