Nicholas E. Radice: Investing Like Ian Cumming & Peter Thiel

<p>Hey guys! This week we have Nicholas E. Radice on the podcast. Nicholas is a distressed and real asset investor with a unique approach to markets. Nicholas is from Upstate NY and got his start in distressed investing after growing up in the midst of a manufacturing collapse in his hometown. After graduating from Cornell University, Nicholas worked under famous distressed investor Ian Cumming, before starting his own private investment holding company, backed by Peter Thiel.&nbsp;</p> <p>This podcast dives into Nicholas's unique investment approach as he combines lessons from Cumming and Thiel into the forgotten corners of the markets like microcaps, dark stocks, and real asset plays.&nbsp;</p> <p>If you enjoyed this conversation, make sure to follow Nicholas on Twitter <a href="https://www.twitter.com/NICKRADICAL4" target="_blank">@NICKRADICAL4</a>.&nbsp;</p> <p>Here's a time-stamp of our discussion:&nbsp;</p> <ul> <li>[0:00] Introduction&nbsp;</li> <li>[6:00] Reducing Complexity&nbsp;</li> <li>[9:02] Finding What Matters Most</li> <li>[16:15] Defining Circle of Competence</li> <li>[28:00] Short Term Skeptic, Long Term Optimist</li> <li>[35:00] Lessons from Ian Cumming &amp; Peter Thiel</li> <li>[60:00] Discarding Ideas Quickly</li> <li>[72:00] Dark Stocks, OTC Stocks, and Microcap Ideas</li> <li>[74:23] Mistakes of Omission&nbsp;</li> <li>[80:05] Closing Questions</li> </ul> <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> <