Hello, my name is (redacted), and I love small cap companies.
Yes, there are some fascinating things going on in the upper echelons of capital markets these days. FANG, SaaS companies, the Chinese tech cos - are all doing amazing things.
But personally, I am much more interested in trawling the globe for undiscovered innovators and entrepreneurs. I’ve been investing professionally for the last 15 years and my heart still skips a beat when I come across an amazing small cap company I didn’t know about.1
This substack is dedicated to these “Dark Horse Compounders.” Companies that you might look back in 5 years and go - “man, I wish I had known about them back then.”
You can join me by signing up below.
DHC
ps. You can find some general disclosures below in footnote 2. 2
Sign up now so you don’t miss any posts.
By the way, this has nothing to do with maximizing IRRs. Although I am sure I can generate good returns, given the time period we are living in, it might actually lead to better returns if you just owned the established winners and went fishing. But I hate fishing.
General disclosures:
This substack is not about giving investment advice. The posts won’t have buy/sell recommendations, or even valuation sections. It will be purely focused on the businesses and the people running it.
At the same time, I will be writing about companies that I think are under-followed and misunderstood. As a general rule, assume that I am long most of the companies I write about.
I am a generalist, writing about market niches that I am an absolute novice in. Given this, there will be some errors. If you spot any, please let me know.