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

<p>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.</p><p>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.&nbsp;</p><p><br></p><p><strong>IN THIS EPISODE YOU’LL LEARN:</strong></p><p>00:00 - Intro.</p><p>06:40 - The role networks and mentors have played in Ian’s development as an investor.</p><p>10:47 - How Ian recommends going about finding and developing a relationship with a mentor.</p><p>13:50 - How the microcap landscape has changed over the past 20 years.</p><p>18:09 - What countries Ian is finding his best microcap ideas.</p><p>19:33 - The three characteristics of a business that lead to “Lightning in a Bottle.”</p><p>37:47 - Unconventional ways that Ian analyzes and better understand a business.</p><p>48:15 - On-the-ground due diligence methods that Ian uses.</p><p>56:51 - How Ian performs maintenance due diligence after purchasing a stock.</p><p>59:29 - Why you shouldn’t “coffee can” microcaps.</p><p>64:03 - How Ian finds companies that are positioned to grow during any market environment.</p><p>68:00 - Why Ian prefers to be in the first wave of discovery in microcap land.</p><p>72:40 - How investors can source new investment ideas.</p><p>77:00 - The investment filter Ian has recently used to discover ideas before other microcap investors.</p><p>81:16 - What Ian’s daily journaling practice looks like.</p><p><br></p><p><em>Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.</em></p><p><br></p><p><strong>BOOKS AND RESOURCES</strong></p><ul><li>Check out our newly released&nbsp;<a href="http://theinvestorspodcast.com/mastermind" rel="noopener noreferrer" target="_bl