Forward Guidance Secrets of Small Cap Value Investing | Kyle Mowery
4 snips
Feb 19, 2024 Explore the world of small cap value investing, finding great stocks and avoiding 'value traps'. Learn the role of macro in the economy, strategies for generating short ideas, and insights on corporate malfeasance. Discover essential resources for value investing and the challenges in the small cap market.
AI Snips
Chapters
Transcript
Episode notes
Small-Cap Investing
- Small-cap stocks offer a unique investment opportunity, distinct from the world of mega-cap tech giants.
- Fundamental analysis remains crucial in small caps due to less sell-side coverage and potential mispricing.
Impact of Passive Investing
- The rise of passive investing and factor-based strategies has impacted small-cap investing, demanding a more targeted approach.
- Small-cap investors should use a "rifle approach" focusing on specific mispriced companies rather than broad market trends.
Rethinking Value
- Traditional value investing metrics, like price-to-book, are less relevant in today's tech-driven market.
- Network effects and intangible assets contribute to the underperformance of traditional value stocks.