Yet Another Value Podcast cover image

Yet Another Value Podcast

Patrick Wolff shares his thoughts investing in 2024, battleground stocks, MicroCaps + $TACT thesis

Jan 12, 2024
Patrick Wolff, former US Chess champion, discusses a wide range of topics including the right to buy stocks, domestic vs. international focus, indexing vs. single stock investing, battleground stocks, advantages of investing in MicroCap stocks, and shares his thesis on Transact Technologies $TACT.
59:35

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Investing in MicroCap stocks can offer individual investors an information advantage and potential market outperformance.
  • Considering a larger allocation to developed markets outside the US, like Europe and Japan, could present a favorable asset allocation strategy.

Deep dives

The Importance of Intelligent Investing in Micro Caps

Micro cap stocks, typically defined as companies with a market capitalization below $500 million, offer an opportunity for individual investors to generate an information advantage. The micro cap space is often overlooked by institutional investors, leading to potential inefficiencies and undervalued opportunities. While micro caps come with higher risk and greater volatility, careful research and analysis can uncover high-quality businesses that have been overlooked by the market. It is important to focus on micro caps that are growing their intrinsic value over time, rather than those that are stagnant or a potential "melting ice cube". By identifying and investing in micro caps with growth potential, investors can potentially outperform the broader market.

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