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How to Assess if a Company Can Grow Through a Recession
During the great financial crisis, your portfolio increased by 280%. How do you go about accessing if a company can grow through a recession? I like to combine kind of growth and survival together. And when I'm looking for just happens like right now, I'm positioned pretty heavy in healthcare.
Clay Finck chats with fan favorite Ian Cassel about a wide array of topics, including the role of mentors in his development as an investor, the three characteristics of a business that lead to “Lightning in a Bottle”, and unconventional methods he uses to understand a business better than nearly all other investors.
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.
06:40 - The role networks and mentors have played in Ian’s development as an investor.
10:47 - How Ian recommends going about finding and developing a relationship with a mentor.
13:50 - How the microcap landscape has changed over the past 20 years.
18:09 - What countries Ian is finding his best microcap ideas.
19:33 - The three characteristics of a business that lead to “Lightning in a Bottle.”
37:47 - Unconventional ways that Ian analyzes and better understand a business.
48:15 - On-the-ground due diligence methods that Ian uses.
56:51 - How Ian performs maintenance due diligence after purchasing a stock.
59:29 - Why you shouldn’t “coffee can” microcaps.
64:03 - How Ian finds companies that are positioned to grow during any market environment.
68:00 - Why Ian prefers to be in the first wave of discovery in microcap land.
72:40 - How investors can source new investment ideas.
77:00 - The investment filter Ian has recently used to discover ideas before other microcap investors.
81:16 - What Ian’s daily journaling practice looks like.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
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