Ian Cassel stops back by The Business Brew to check in. As you may remember, Ian is a full-time microcap investor and founder of MicroCapClub. Ian started investing as a teenager and learned from losing his money over and over again. Today he is a full-time private investor that supports himself and his family by investing in microcaps. He is also the author of two books:
Intelligent Fanatics Project: How Great Leaders Build https://www.amazon.com/Intelligent-Fanatics-Project-Sustainable-Businesses/dp/0997576502/?_encoding=UTF8&pd_rd_w=7vP7f&content-id=amzn1.sym.22f5776b-4878-4918-9222-7bb79ff649f4&pf_rd_p=22f5776b-4878-4918-9222-7bb79ff649f4&pf_rd_r=140-2211477-9010244&pd_rd_wg=oufjI&pd_rd_r=438a9be9-ba2c-44c0-a800-30367bc020a7&ref_=aufs_ap_sc_dsk
Intelligent Fanatics: Standing On The Shoulders of Giants https://www.amazon.com/Intelligent-Fanatics-Standing-Shoulders-Giants/dp/0997576537/?_encoding=UTF8&pd_rd_w=7vP7f&content-id=amzn1.sym.22f5776b-4878-4918-9222-7bb79ff649f4&pf_rd_p=22f5776b-4878-4918-9222-7bb79ff649f4&pf_rd_r=140-2211477-9010244&pd_rd_wg=oufjI&pd_rd_r=438a9be9-ba2c-44c0-a800-30367bc020a7&ref_=aufs_ap_sc_dsk
Ian and Bill chatted because there was some noise about small and microcaps being cheap. Then Bill said “Come on the show.” And Ian said “Sure.” And then they had this conversation. And now you are listening. We hope you enjoy!
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Thank you to the team at thepodcastconsultant.com for producing the show.
Detailed Show Notes -
2:50 - Staying patient in illiquid ideas
6:28 - The MicrocapClub conference
10:20 - Findings a micro cap worthy of holding
12:03 - Fallen angels vs rising stars
18:50 - Quality vs value
25:50 - What is Ian looking for in investments
28:20 - Look global for microcaps
30:20 - Why it is easier to raise money internationally than in the US
35:50 - SPAC talk
47:50 - Cogstate
1:00:30 - How microcap changed over the past year
1:05:50 - Training LPs, and yourself, to handle volatility
1:06:50 - Why the first discovery is powerful
1:11:30 - How Ian started MicroCapClub
1:13:05 - Some briefy therapy
1:15:30 - Concluding conversation