Thanks for breaking your thoughts down and laying it out in such a manner we can add to our own investing mental models. There is a lot here thant relates to the private startup and VC space as well. Nice post, thanks for sharing.
Mate, it’s illegal being in ur early 20s and able to write this articulately. The subtlety and clarity is unreal. This helps me a lot in my research process, nailing what Altafox cap trying to demonstrate in that multibaggers paper into my head. Thanks!
Thanks Michael for crystallizing the thoughts. I think that is something that happened with Amazon (and something I missed). While I and others were looking at them as a bookseller and thinking -“ how could people pay up for an unprofitable (at the time) bookseller, even if they captured the whole market for books”? We missed the culture of transformative innovation that occurred, and therefore the multi bagger it became. In economics this, transformation ‘shifts the curve right’, vs a move along the existing curve and in my experience, underestimating the transformation that innovation brings results premature dismissal. Thanks for bringing that to light for me.
Hi Michael, thanks so much for sharing the insights on microcap. You touched on validation as a flag. Would you consider company insider purchasing as a validation?
Thanks for breaking your thoughts down and laying it out in such a manner we can add to our own investing mental models. There is a lot here thant relates to the private startup and VC space as well. Nice post, thanks for sharing.
Mate, it’s illegal being in ur early 20s and able to write this articulately. The subtlety and clarity is unreal. This helps me a lot in my research process, nailing what Altafox cap trying to demonstrate in that multibaggers paper into my head. Thanks!
Superb post.. thanks
Thanks Michael for crystallizing the thoughts. I think that is something that happened with Amazon (and something I missed). While I and others were looking at them as a bookseller and thinking -“ how could people pay up for an unprofitable (at the time) bookseller, even if they captured the whole market for books”? We missed the culture of transformative innovation that occurred, and therefore the multi bagger it became. In economics this, transformation ‘shifts the curve right’, vs a move along the existing curve and in my experience, underestimating the transformation that innovation brings results premature dismissal. Thanks for bringing that to light for me.
-Sean Berger
Hi Michael, thanks so much for sharing the insights on microcap. You touched on validation as a flag. Would you consider company insider purchasing as a validation?
Thanks! Yes absolutely insider buying is probably one of the most bullish validations you can get IMO.
True
Hey Michael i wanna discuss about Indian microcaps with you.
Great post, Michael!