Clay Finck chats with fan favorite Ian Cassel about a wide array of topics, including the role of mentors in his development as an investor, the three characteristics of a business that lead to “Lightning in a Bottle”, and unconventional methods he uses to understand a business better than nearly all other investors.
Ian is a full-time microcap investor and CIO of Intelligent Fanatics Capital Management. He is the founder of MicroCapClub.com and co-founder of the IntelligentFanatics.com.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro.
06:40 - The role networks and mentors have played in Ian’s development as an investor.
10:47 - How Ian recommends going about finding and developing a relationship with a mentor.
13:50 - How the microcap landscape has changed over the past 20 years.
18:09 - What countries Ian is finding his best microcap ideas.
19:33 - The three characteristics of a business that lead to “Lightning in a Bottle.”
37:47 - Unconventional ways that Ian analyzes and better understand a business.
48:15 - On-the-ground due diligence methods that Ian uses.
56:51 - How Ian performs maintenance due diligence after purchasing a stock.
59:29 - Why you shouldn’t “coffee can” microcaps.
64:03 - How Ian finds companies that are positioned to grow during any market environment.
68:00 - Why Ian prefers to be in the first wave of discovery in microcap land.
72:40 - How investors can source new investment ideas.
77:00 - The investment filter Ian has recently used to discover ideas before other microcap investors.
81:16 - What Ian’s daily journaling practice looks like.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
- Check out our newly released TIP Mastermind Community.
- Ian’s Beginner’s Guide to Researching Microcaps.
- Ian’s community, MicrocapClub.
- Ian’s book, Intelligent Fanatics.
- Check out of our review of Mastering the Market Cycle, or watch the video here.
- Follow Ian on Twitter.
- Follow Clay on Twitter.
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