Position sizing rules and risk-focused sizing

This discussion took place live on February 23rd, 2026, on the MicroCapClub Community. Join MicroCapClub and unlock the ability to listen and participate live in these discussions - https://microcapclub.com/join-now/

In this insightful interview, Tom Bachrach shares his investment philosophy, risk management strategies, and experiences in frontier markets like Kazakhstan. Discover how deep value investing, humility, and global opportunities shape his approach to building a resilient portfolio.

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Chapters

00:00 Introduction to Tom Bachrach and PFH Capital

06:12 Tom's Investment Philosophy and Approach

11:25 Early Days and Influences in Investing

16:23 Staying Grounded in Investment Success

19:36 Navigating Quirky Investments and Risk Management

24:26 Position Sizing and Investment Strategy

29:32 Investor Expectations and Market Perceptions

31:19 Investing Perspectives: Frontier Markets vs. Familiar Grounds

36:20 Case Studies: Successes and Failures in Investment

39:23 The Formation of PFHCL: A Strategic Partnership

42:32 The Value of Collaboration: Freelance Analysts and Team Dynamics

47:09 The Future of Analysts: AI's Role in Investment Research

51:32 Navigating Software Investments: Risks and Opportunities

58:31 Lessons from Adversity: Building Resilience in Life

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