How to Find 'Lightning in a Bottle' Businesses | Microcap Investing w/ Ian Cassel (TIP563)

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Clay 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.
▶️ RELATED EPISODES:
- Why Microcaps Are Outperforming w/ Ian Cassel: • Why Microcaps Are Outp...
- Big World of Microcaps w/ Ian Cassel: • Big World of Microcaps...
IN THIS EPISODE, YOU’LL LEARN:
0:00:00 -Intro
0:01:04 - The role networks and mentors have played in Ian’s development as an investor.
0:10:05 - How Ian recommends going about finding and developing a relationship with a mentor.
0:12:30 - How the microcap landscape has changed over the past 20 years.
0:16:48 - What countries Ian is finding his best microcap ideas.
0:18:19 - The three characteristics of a business that lead to “Lightning in a Bottle.”
0:23:50 - How investors can source new investment ideas.
0:28:10 - The investment filter Ian has recently used to discover ideas before other microcap investors.
0:31:43 - Unconventional ways that Ian analyzes and better understands a business.
0:45:31 - On-the-ground due diligence methods that Ian uses.
- Why you shouldn’t “coffee can” microcaps.
0:49:17 - How Ian performs maintenance due diligence after purchasing a stock.
0:51:25 - How Ian finds companies that are positioned to grow during any market environment.
0:55:28 - Why Ian prefers to be in the first wave of discovery in microcap land.
1:06:13 - What Ian’s daily journaling practice looks like.
🖊️ Access the transcript and learn more about the guest here: www.theinvestorspodcast.com/e...
📖 BOOK MENTIONED:
- Intelligent Fanatics by Ian Cassel: amzn.to/43aaTCU
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[@BradKaellner]

Great interview! It's so valuable when a top-notch practitioner like Ian pulls back the curtain.

[@clayfinck]

Thank you, Brad. Ian is so thoughtful and insightful. Grateful that he shared his time with us!

[@voicuioanpaul6975]

Countless nuggets of knowledge and actionable information, great stuff

[@larrygerry985]

The dream of every investor is the micro cap 100x.

[@chuckdiezel7652]

I never really looked at micro caps but Ian Cassel has me interested. Appreciate the interview. Thanks

[@WeStudyBillionaires]

Glad you enjoyed it!

[@voicuioanpaul6975]

I’m rewatching this again and again! The amount of actionable insights from this video is insane. Great job for bringing Ian in

[@WeStudyBillionaires]

That's awesome to hear! Glad you found it valuable.

[@clayfinck431]

Thank you! Ian is incredible.

[@RolfStumpfRailMedia]

Need to watch this again. So many insights about microcap investing to think about. I am heavy on small and micro caps so the maintenance due dilugence is a great concept.

[@WeStudyBillionaires]

Glad you found it valuable!

[@brianbirnbaum9760]

This is absolutely fantastic. This is what I want to become.

[@WeStudyBillionaires]

Thanks so much for watching!

[@coindrop]

Brilliant. Would love to know some of the companies that has earned their way to become Ian's top holdings and see if I can find value any there myself.

[@WeStudyBillionaires]

Thanks so much for watching!

[@xrpkidotec520]

Let's goooooo!!

[@WeStudyBillionaires]

🙌

[@bradleyhope3652]

Another one

[@satysaty5291]

Invaluable

[@vikas_atri]

👌

[@RomilCPatel]

Could the opposite be done by shorting micro caps that cash burn with high dilution?

[@HepCatJack]

Shorting requires liquidity if all of the shares are in the hands of a few founders and you short them. You have to buy the shares to close your short they may not sell you shares if you shorted their stock and pissed them off. One of the founders could trigger a short squeeze by buying a share from another founder at the high price the other founder sets. This could potentially trigger a margin call from the bank.

[@TonyGioMusic]

Hey man, I'm stumbling on this now, six months after posting it. You are an excellent interviewer, honestly one of the best I have ever listened to. I'm at 32:03, and that was such an excellent question to which what met with an even more astounding answer. You

[@WeStudyBillionaires]

Glad you found it valuable! 🙏

[@fivenineshaq]

Incredible interview! Mr. Cassel gives us a lot of tips and tricks that you don’t hear elsewhere. Thank you for your generosity!

[@WeStudyBillionaires]

Glad you enjoyed it!

[@mmm-cake]

👏🏼👏🏼

[@WeStudyBillionaires]

Thanks for watching! 🙌

[@nunofreitas8838]

By cutting early the equity in portfolio will be difficult to reach the 100 bagger!

[@scottiebumich]

Makes no sense to interview an investor without first stating their 10 and 20 year performance

[@KamilMauel]

that will micro-capped the number of further interviews 🙂

[@alldaywhodie]

$ORGN - 100x bagger you heard it first!!!