Unlocking Multi-Bagger Stocks

This chapter explores the world of multi-bagger stocks within the micro-cap and nanocap sectors, emphasizing the importance of identifying unique companies in thriving market trends. It highlights statistical insights that reveal the potential for exponential growth in small businesses, often overshadowed by larger tech giants. Through case studies like Expel and Copart, the discussion illustrates how effective management and misunderstood business models can lead to substantial investment returns.

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Episode notes

On today’s episode, Clay is joined by Ian Cassel to discuss multi-bagger first principles, what he’s learned from investor Tony Deden, and biases he has had to overcome to continue improving as an investor.

Ian is a full-time microcap investor and CIO of Intelligent Fanatics Capital Management. He is the founder of MicroCapClub.com and co-founder of the IntelligentFanatics.com.

IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro.

01:36 - Ian’s investment journaling and reflection process.

06:19 - What Ian has learned from managing a fund for over 5 years.

08:56 - A 2023 overview for Ian’s fund.

23:58 - What Ian learned from Anthony Deden.

27:43 - The multi-bagger first principles.

35:53 - A few case studies on multi-baggers.

53:26 - Why high insider ownership doesn’t correlate with stocks that outperform.

54:02 - How attribution bias influences investor behavior.

58:08 - Ian’s experience on the saying, “Risk is what you don’t see.”

61:03 - How Ian decides whether he should average down in a position or not.

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Learn more about the Berkshire Summit by clicking here or emailing Clay at clay@theinvestorspodcast.com.
Ian’s presentation on Multi-bagger First Principles.
Ian’s community, MicrocapClub.
Ian’s book, Intelligent Fanatics.
Ryan Pape’s interview at the MicroCap Leadership Summit.
Related Episode: TIP563: Lightning in a Bottle & Microcap Investing w/ Ian Cassel | YouTube Video.
Follow Ian on Twitter.
Follow Clay on Twitter.
Check out all the books mentioned and discussed in our podcast episodes here.

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