Micro Machine: Maj Soueidan on nano cap investing with Tobias Carlisle on The Acquirers Podcast
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- čas přidán 30. 06. 2024
- Maj Soueidan is a full-time investor of 30 years. He co-founded GeoInvesting to bring institutional quality investment research to the individual investor and help broaden the awareness of the opportunities that exist in the inefficient micro-cap universe. In addition to educating investors on winning equity strategies, Mr. Soueidan has been on a mission to protect investors from fraud and pump and dump schemes. He introduced the “China fraud” to Geoinvesting and through his research process, identified dozens of U.S. listed China stocks he concluded were frauds, so that the Geoinvesting team could perform exhaustive on-the-ground due diligence research on them, including Puda Coal and Yuhe Intl.
Maj's Twitter: / majgeoinvesting
Maj's website: geoinvesting.com/
ABOUT THE PODCAST
Hi, I'm Tobias Carlisle. I launched The Acquirers Podcast in March 2019 to discuss the process of finding undervalued stocks, deep value investing, hedge funds, activism, buyouts, and special situations.
We uncover the tactics and strategies for finding good investments, managing risk, dealing with bad luck, and maximizing success.
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FOLLOW TOBIAS
Website: acquirersmultiple.com/
Firm: acquirersfunds.com/
Twitter: / greenbackd
LinkedIn: / tobycarlisle
Facebook: / tobiascarlisle
Instagram: / tobias_carlisle
ABOUT TOBIAS CARLISLE
Tobias Carlisle is the founder of The Acquirer’s Multiple®, and Acquirers Funds®.
He is best known as the author of the #1 new release in Amazon’s Business and Finance The Acquirer’s Multiple: How the Billionaire Contrarians of Deep Value Beat the Market, the Amazon best-sellers Deep Value: Why Activists Investors and Other Contrarians Battle for Control of Losing Corporations (2014) (amzn.to/2VwvAGF), Quantitative Value: A Practitioner’s Guide to Automating Intelligent Investment and Eliminating Behavioral Errors (2012) (amzn.to/2SDDxrN), and Concentrated Investing: Strategies of the World’s Greatest Concentrated Value Investors (2016) (amzn.to/2SEEjVn). He has extensive experience in investment management, business valuation, public company corporate governance, and corporate law.
Prior to founding the forerunner to Acquirers Funds in 2010, Tobias was an analyst at an activist hedge fund, general counsel of a company listed on the Australian Stock Exchange, and a corporate advisory lawyer. As a lawyer specializing in mergers and acquisitions he has advised on transactions across a variety of industries in the United States, the United Kingdom, China, Australia, Singapore, Bermuda, Papua New Guinea, New Zealand, and Guam.
He is a graduate of the University of Queensland in Australia with degrees in Law (2001) and Business (Management) (1999).
The comment about the 52 week low list having negative momentum has been the most insightful thing I've heard this week. Thank you!
Glad it was helpful!
I was almost triggered when Maj suggested value investors are shopping in the '52 week low' stocks. Thanks for pointing out price and value are unrelated!
Boom!
Really enjoyed this one. I'll have to keep an eye out for Maj.
You should!
Hey Toby! You're well read (and written), it would be interesting to get your book reviews.
Definitely second this.
Maybe one day!
Really enjoyed this one! I too remember those crazy crypto days lol
That crazy run had me and my investor partner search for our 5-6 year old wallets.
When your know nothing mates start talking crypto wallets you ran for the door with the profits.
Really enjoyed it. Thanks!
Glad to hear it!
Another awesome episode.
Thanks M D!
Another great interview Tobias, thank you! Why aren't all individual small investors piling into the non fraudulent net-net microcaps? Even though the strategy doesn't scale well it seems it shouldn't matter if you are just one guy with less than 3 mil. Every study I have read says the strategy should crush the market. How have the global net-nets not been already plucked away if all you need is the financial statistics and no research on the company is required? Why aren't small retail investors or small family fund managers sniping off all of these puffs to the point where they no longer exist? It seems too easy and too good to be true.
I wonder if there are? Would we know?
The financial media keeps pounding stereotypes into retail investors' heads that all microcaps are frauds. That's a big reason. Or they bring some billion dollar fund manager on the air who says they can't buy them because it won't make a dent in the fund or too illiquid to build a position. Then retail investors just start repeating and believing the garbage. When I have a billion dollars, I'll deal with that high grade problem lol. Are there frauds in the microcap space ? Yes, a ton. But there are frauds at any market-cap. Just learn to identify the Tier One companies at any market-cap. It's funny how all these underperforming mega dollar funds ignore one of the only spaces that provides real alpha. Take a look at Peter Kellogg, billionaire who frolics in microcap land :)
@@tradermaj Wow thanks for the comprehensive response, Maj! I am one of the online poker kids who has now retired from the game and realised investing is a game everyone is forced to play, so I either have to learn it or index it, and learning it seems more fun. In poker we talk about "table selection" or "bum-hunting" where you try to play against the weakest opponents so as to increase your win rate. It seems that if you have less than 10 mil to invest you would be mad to not play the investing game in the microcaps where investment professionals cannot play. I hope to be able to join you one day as a contributing member in microcap club :) Thanks again for a great interview - extremely helpful for a noob like myself.
Maj Soueidan awesome, thanks so much.
Will have have a read of Mr Kellogg.
Any other sources you recommend?
@@amamam420 Yes Alan, you're reading it right. I'd be happy to chat more about microcaps whenever it's convenient for you :) I love talking stocks :)
Here's the link for the crypto equity issuance idea you guys were discussing: www.tokenfunder.com/
GUYS GUYS GUYS!!!!!!!!!!!! 2 OF MY FAVOURITE INVESTORS!!!!!!!!!!!!!!!!!!!
Thanks Wilfred!
definitely is a strange market