Luke Wolgram: AutoPartner $APR & The Hunt For Unique Ideas

<p>This week’s guest is Luke Wolgram. He is the most accurate investor according to Tip Ranks and during our conversation he shares his investing journey and philosophy, the benefits of Micro Caps, how he finds ideas, managing a portfolio and position sizing. Lastly he shares why Autpartn ($APR) a polish automotive parts distributor is an interesting idea.</p> <ul> <li>[0:00] Who is Luke Wolgram</li> <li>[4:00] Luke’s Investing Journey</li> <li>[8:00] Investing Philosophy</li> <li>[12:00] Why invest in Micro Caps?</li> <li>[16:40] Finding Ideas</li> <li>[19:30] Autopartn ($APR)</li> <li>[23:00] APR’s Unit Economics &amp; Distribution Chain</li> <li>[30:00] APR’s Risks</li> <li>[34:00] Position Sizing and selling</li> <li>[38:00] Shorting TTCF</li> <li>[46:00] Options Selling</li> <li>[51:00] Taking the CFA</li> <li>[54:00] Long Term Goals</li> <li>[57:00] Whitehaven Coal ($WHC)</li> <li>[1:00:00] More from Luke and Closing Questions</li> </ul> <p>If you like what you heard, go follow Luke on Twitter <a href="https://twitter.com/LukeWolgram" target="_blank">@LukeWolgram</a>.</p> <p>Finally, a big thanks to the following sponsors for making the podcast a reality.</p> <p><strong>Mitimco</strong></p> <p>This episode is brought to you by MIT Investment Management Company, also known as MITIMCo, the investment office of MIT. Each year, MITIMCo invests in a handful of new emerging managers who it believes can earn exceptional long-term returns in support of MIT's mission. To help the emerging manager community more broadly, they created&nbsp;<a href="https://emergingmanagers.org/" rel="ugc noopener noreferrer" target="_blank">emergingmanagers.org</a>, a website for emerging manager stockpickers.</p> <p>For those looking to start a stock-picking fund or just looking to learn about how others have done it, I highly recommend the site. You'll find essays and interviews by successful emerging managers, service providers used by MIT's own managers, essays MITIMCo has written for emerging managers