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Capital Compounders Show

Small Cap Technology Stocks: A Conversation with Tom Liston (Board Member of WELL Health & Tantalus Systems)

Feb 21, 2025
Join Tom Liston, an analyst-turned-family office manager, as he recounts his journey from small-town New Brunswick to investing in Canadian tech. He reveals how WELL Health Technologies aims to revolutionize healthcare through innovative tech solutions. Tom discusses challenges in small-cap investments and the importance of strong management teams. Discover insights into healthcare innovation with AI and the strategies behind successful software companies. His reflections on basketball remind us of resilience in both sports and investing.
01:15:54

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Tom Liston's journey underscores the importance of networking and strategic education in overcoming initial challenges in the finance industry.
  • His transition from equity research to venture capital allowed for a focus on long-term value creation without the immediate pressures of public stock performance.

Deep dives

Journey to Bay Street

Tom Liston shares his challenging journey from New Brunswick to Toronto's financial district, emphasizing the importance of networking in the competitive finance industry. Initially, he faced obstacles gaining traction due to a limited network but persevered through education, pursuing qualifications such as the CSC and CFA early on. His master's thesis on valuation in the TSX environment helped set him apart from peers, leading to multiple job offers upon graduation. Ultimately, he joined Yorkton, demonstrating that determination and strategic education can create significant career opportunities, especially in finance.

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