345: Ian Cassel on Micro Cap Investing

Ian Cassel is the founder of Micro Cap Club and CIO of Intelligent Fanatics Capital Management. He has spent the last 20 years learning about and investing in micro cap public equities. In this conversation, we discuss the micro cap sector of public equities, why the smallest decile performs best, liquid vs illiquid opportunities, what Ian's process looks like, how he thinks about portfolio construction and diversification, what the impact of the pandemic has been, and his best and worst investments so far.  When the New Yorker magazine asked Mark Zuckerberg how he gets his news he said the one news source he definitely follows is Techmeme. For more than two years and nearly 700 episodes, The Techmeme Ride Home has been Silicon Valley’s favorite tech news podcast. The Techmeme Ride Home is a daily podcast, only fifteen to twenty minutes long, and every day by 5pm eastern its ALL the latest tech news.  =============================== The Trends premium weekly report helps you understand market trends poised to skyrocket and how you can pounce. Join the private network of 5k+ builders, founders, and investors spotting tomorrow’s trends. Expand your network, and discover the next big business idea before it explodes: https://trends.co/pomp/ =============================== Pomp writes a daily letter to over 50,000 investors about business, technology, and finance. He breaks down complex topics into easy to understand language, while sharing opinions on various aspects of each industry. You can subscribe at https://www.pompletter.com