The Grant Williams Podcast Ep. 133 - Ian Cassel

Micro-caps stay an under-the-radar edge for individuals precisely because illiquidity permanently excludes large institutional capital.

• Micro-cap edge: Cassel argues micro-caps remain the last durable structural edge for individual investors because illiquidity keeps institutions out—Buffett, Lynch and Greenblatt all started there before outgrowing the space.
• Origin story: A $20,000 family gift grew to $120,000 during the dot-com bubble, then crashed 90% to $8,000—an experience Cassel credits, not blames, for his later confidence.

Themes, sentiment and reasons are AI-written paraphrases, checked so they never quote an episode. They may contain errors. Not investment advice. Episodes remain the property of their creators.