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Intelligent Fanatic: Ian Cassell gives a masterclass in microcap investing to Tobias Carlisle on The Acquirers Podcast

The Acquirers Podcast

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The Importance of Transparency in ETFs

An SMA is a separately managed account that's in your name, you own securities in it. Unlike private funds structure, which is a pool of capital, you don't see what you're doing until the end of the quarter. You can still find good to great businesses trading at 10 P.E.'s ex-cash and they'll eventually be found by institutions.

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