We Study Billionaires - The Investor’s Podcast Network TIP563: Lightning in a Bottle & Microcap Investing w/ Ian Cassel
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Jul 7, 2023 Ian Cassel, a full-time microcap investor and CIO of Intelligent Fanatics Capital Management, shares his insights on navigating the microcap landscape. He discusses the transformative role of mentors in his journey and the key traits that make certain investments like 'lightning in a bottle.' Ian reveals unconventional methods for business analysis and the importance of ongoing due diligence. He also emphasizes the necessity of identifying resilient companies that can thrive in any market and shares effective strategies for sourcing new investment ideas.
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Networking Importance
- Be proactive in building your network, don't wait for connections to come to you.
- Showcase yourself through a blog, presentations, or simply by reaching out to others interested in similar stocks.
Attracting Mentors
- Show value to potential mentors before asking for their help, reminding them of their own journey.
- The ultimate goal is to become the first person they call with a new idea.
Mentorship Impact
- Ian Cassel had two primary mentors, one focused on story stocks and the other, a full-time worker, grew $100,000 to tens of millions in microcaps.
- Cassel learned valuable lessons from both, including the importance of conviction investing and ethical conduct.
