10min chapter

The Security Analysis Podcast cover image

Left Field Investing

The Security Analysis Podcast

CHAPTER

Navigating Concentrated Investments in Microcaps

This chapter explores the intricacies of concentrated investing, particularly in microcap stocks, with a focus on downside protection strategies. It includes an in-depth case study of Cypher Pharmaceuticals, highlighting key metrics such as cash flow and growth potential, while also discussing the implications of stock buybacks. The chapter emphasizes the importance of valuation in investment decisions and the challenges of investing in illiquid markets.

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