Secrets of Small Cap Value Investing | Kyle Mowery
Finally, you can easily access Bitcoin in a low-cost ETF with the VanEck Bitcoin Trust (HODL). Visit https://vaneck.com/HODLFG to learn more. VanEck Bitcoin Trust (HODL) Prospectus: https://vaneck.com/hodlprospectus/ __ Follow VanEck on Twitter https://twitter.com/vaneck_us Follow Jack Farley on Twitter https://twitter.com/JackFarley96 Follow Forward Guidance on Twitter https://twitter.com/ForwardGuidance Follow Blockworks on Twitter https://twitter.com/Blockworks_ __ Use code FG10 to get 10% off Blockworks’ Digital Asset Summit in March: https://blockworks.co/event/digital-asset-summit-2024-london __ Timestamps: (00:00) Introduction (00:57) The Small Cap Value Universe (06:58) Why Did The Value Factor Used To Work, And Why Isn't It Working Now? (11:27) How To Find Great Small Cap Value Stocks (14:45) Finding Asymmetric Opportunities (16:18) VanEck Ad (17:51) Ferroglobe PLC (20:50) ACV Auctions (24:52) I Despise Price / Sales Ratio (27:38) What Makes Some Investments Work, And Others Not Work? (31:17) Look At Managements' Incentives (40:54) Banking Stocks (43:06) Last Time Small Cap Value Stocks Were "All The Rage": Early 2000s (45:17) Has The Rise Of Passive Flows Distorted The Small Cap World? (51:13) Markets Are "Broadly Efficient": Some Value Stocks Are Cheap For A Reason (53:06) How to Avoid "Value Traps" (58:42) How To Generate Short Ideas (01:07:00) The Role of Macro (01:08:37) U.S. Economy Is "Pretty Strong," European Economy Is "In Shambles" (01:10:51) Calumet Specialty Products (01:13:33) Inflation Reduction Act (IRA) __ Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.