The Acquirers Podcast

Ian Cassel on MicroCapClub, the PlanetMicroCap acquisition and IntelligentCM | S08 E03

28 snips
Jan 29, 2026
Guest
Ian Cassel
Ian Cassel, microcap investor and founder of MicroCapClub, who led the Planet MicroCap acquisition. He talks about why small caps can deliver outsized returns. Short takes on sectors powering the rally, dilution and IPO trade-offs, position sizing and execution, journaling and investing psychology. Practical notes on using AI for diligence and where cheap opportunities sit now.
Ask episode
AI Snips
Chapters
Books
Transcript
Episode notes
INSIGHT

Great Pickers Win Roughly Half Their Bets

  • Lee Freeman Shore's study found top managers' best ten ideas only won ~49% of the time.
  • The money often comes from execution after the decision, not from a high hit rate.
ADVICE

React To Losses With Rules, Not Panic

  • Adopt a mix of behaviors: be quick to cut clear losers (assassin) and ready to double down when the business is intact (hunter).
  • Avoid freezing like a rabbit when positions fall; have rules to force decisions.
ADVICE

Force A Decision On Down Positions

  • Use forced reviews on down positions to avoid paralysis; decide to cut or add after due diligence.
  • Avoid blindly averaging down without evidence the business trajectory remains intact.
Get the Snipd Podcast app to discover more snips from this episode
Get the app