Vishal Mishra
Investment professional at Bard Associates focused on value investing in small companies, contributing to research, firm history, and portfolio examples.
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Oct 30, 2025 • 60min
The Enduring Appeal of Smaller Cap Stocks with Vishal Mishra and Michael Demaray of Bard Associates
Vishal Mishra, a small-company value researcher at Bard Associates, and Michael Demaray, lead manager of Bard’s small- and micro-cap strategies, discuss investing in overlooked microcap stocks. They cover Bard’s long small-cap focus, why tiny floats cause wild volatility, how they size and hold positions, sourcing liquidity, and what traits make a company a potential long-term compounder.
