In this conversation Ian Cassel sits down with Jason Hirschman. Jason Hirschman is on Ian Cassel's Mount Rushmore of private investors. Why? He was a small business owner that parlayed that and some investing success into becoming a full-time private investor, and now manages capital for his family office at Hudson 215 Capital. He is one of the few private investors that has turned a small personal portfolio into a large nine figure portfolio. Jason's investments typically feature high return on invested capital, superior management, and secular growth tailwinds. He focuses on non-resource microcap equities domiciled in the U.S., Canada, and Europe.
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Find Jason here:
MicroCapClub: @EightTrack – Member since 2014
X: https://x.com/EightTrack180
Family Office: http://hudson215capital.com
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Chapters:
00:00 Disclaimer
00:15 Intro
02:12 Jason’s Background
05:16 Talking about Investment history
08:25 First big win
10:57 When start looking at MicroCaps
12:57 Evolving as capital has grown
16:49 What type of situation attracted to
22:49 Find something to buy something - how long to make position
27:11 How determine to invest and start position
29:00 Build position
31:41 Establishing relationship with management team
34:17 What did you think about potential of XPEL at beginning
40:50 Thinking about selling
42:50 Concentration
47:10 Investing and working with family
50:23 Q&A - How many positions do you hold?
52:07 Evolution of spending time investing as operator vs now as full time investor
53:50 How do you source ideas
55:20 How does what you look for evolved?
57:18 Are there some differences between European companies and North American ones?
1:01:25 How has been being a small business owner impacted investing?
1:03:47 Personality make you an above average investor?
1:05:08 How does a position become a real one?
1:11:05 Slugging percentage vs batting average
Disclaimer: All content on this channel is for discussion, education, entertainment, and illustrative purposes only and SHOULD NOT be construed as professional financial advice, solicitation, or recommendation to buy or sell any securities, notwithstanding anything stated on this channel. There are risks associated with investing in securities. Loss of principal is possible. Past performance is not a predictor of future investment performance. Ian Cassel and the guests on this channel are not responsible for investment actions taken by viewers. Should you need such advice, consult a licensed financial advisor, legal advisor, or tax advisor. You agree to verify all information yourself before investing. Any past performance discussed during this program is no guarantee of future results. Investing involves risk and possible loss of principal capital; please seek advice from a licensed professional. All views expressed are personal opinions as of the date of recording and are subject to change without the responsibility to update views. No guarantee is given regarding the accuracy of the information on this channel. Releasees undertake no obligation to provide accurate or sound investment statements.
