TIP563: Lightning in a Bottle & Microcap Investing w/ Ian Cassel

The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.6 • 3.6K Ratings

🗓️ 7 July 2023

⏱️ 70 minutes

🔗️ Recording | iTunes | RSS

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Summary

Clay Finck chats with fan favorite Ian Cassel about a wide array of topics, including the role of mentors in his development as an investor, the three characteristics of a business that lead to “Lightning in a Bottle”, and unconventional methods he uses to understand a business better than nearly all other investors. Ian is a full-time microcap investor and CIO of Intelligent Fanatics Capital Management. He is the founder of MicroCapClub.com and co-founder of the IntelligentFanatics.com. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro. 06:40 - The role networks and mentors have played in Ian’s development as an investor. 10:47 - How Ian recommends going about finding and developing a relationship with a mentor. 13:50 - How the microcap landscape has changed over the past 20 years. 18:09 - What countries Ian is finding his best microcap ideas. 19:33 - The three characteristics of a business that lead to “Lightning in a Bottle.” 37:47 - Unconventional ways that Ian analyzes and better understand a business. 48:15 - On-the-ground due diligence methods that Ian uses. 56:51 - How Ian performs maintenance due diligence after purchasing a stock. 59:29 - Why you shouldn’t “coffee can” microcaps. 64:03 - How Ian finds companies that are positioned to grow during any market environment. 68:00 - Why Ian prefers to be in the first wave of discovery in microcap land. 72:40 - How investors can source new investment ideas. 77:00 - The investment filter Ian has recently used to discover ideas before other microcap investors. 81:16 - What Ian’s daily journaling practice looks like. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Ian’s Beginner’s Guide to Researching Microcaps. Ian’s community, MicrocapClub. Ian’s book, Intelligent Fanatics. Check out of our review of Mastering the Market Cycle, or watch the video here. Follow Ian on Twitter. Follow Clay on Twitter. SPONSORS Support our free podcast by supporting our sponsors: River Toyota Range Rover Vacasa AT&T The Bitcoin Way USPS American Express Onramp Found SimpleMining Public Shopify Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

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0:00.0	You're listening to TI-P.
0:03.2	Today's guest is fan favorite Ian Castle.
0:06.0	Ian is a full-time microcap investor and CIO of Intelligent Fanatics Capital Management.
0:11.5	He is also the founder of microcapclub.com and co-founder of theintelligentfanatics.com.
0:17.0	Ian and I cover a wide array of topics during this conversation including the role of mentors
0:21.4	and his development as an investor.
0:23.6	The three characteristics of a business that lead to quote, lightning in a bottle, and
0:27.7	unconventional methods he uses to understanding a business better than nearly all other
0:32.4	investors.
0:33.4	Towards the end, Ian also talks about how he manages to find companies that are positioned
0:38.0	to grow even during recessions.
0:40.4	For example, during the great financial crisis, Ian owned just three stocks.
0:45.4	Two of the stocks dropped like the majority of the market, but one of his picks more than
0:49.3	made up for the other losses and increased by 280% during one of the most difficult time
0:55.2	periods for businesses over the past century.
0:58.1	We always appreciate Ian sharing his timeless investing wisdom with our listeners.
1:02.6	I know you'll most certainly learn something from this conversation and I promise that
1:06.4	you won't want to miss it.
1:08.1	Without further delay, here's my chat with Ian Castle.
1:12.0	You are listening to THE Investors Podcast.
1:18.1	Where we study the financial markets and read the books that influence self-made billionaires
1:22.4	the most.
	...

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