Planet MicroCap Podcast | MicroCap Investing Strategies Ep. 245 - The Special Situation is Finding Growth-Oriented Firms Using Value Framework with Shree Viswanathan (SVN Capital), Steven Kiel (Arquitos Capital), Keith Smith (Bonhoeffer Capital Management)
Oct 6, 2022
Join Shreekkanth Viswanathan, Steven Kiel, and Keith Smith as they explore the intriguing world of growth-oriented investing within a value framework. Shree advocates for owner-operated, high-return firms, while Steven dissects opportunities in corporate restructuring and SPAC fallout. Keith highlights the importance of M&A and the pursuit of undervalued growth. Together, they delve into investor sentiment, the potential upside of downturns, and how to navigate market fears to uncover hidden gems.
AI Snips
Chapters
Books
Transcript
Episode notes
John Neff's Old-School Advantage
- Shree recalled reading John Neff's book early in his career and how limited information access once shaped investing.
- The anecdote shows today's information advantage versus past investors calling home from abroad.
Politics Drives Equity Returns
- Companies in democracies have roughly double the historical returns of those in autocracies.
- Political regime quality materially affects long-term shareholder returns.
Fight Panic With Patience
- Be aware that human brains default to flight during perceived danger, so avoid panic selling.
- Use patience and a value framework to hold high-quality, owner-operated businesses through volatility.
