Episode Description
In this conversation, Adam Wilk discusses the intricacies of re-underwriting, emphasizing the importance of adapting investment assumptions based on new information. He highlights the significance of primary research in understanding businesses beyond publicly available data. The discussion also covers the process of sourcing conversations for insights, the art of idea generation through 'turning rocks', and the challenges of prioritizing workflow in investing. Wilk shares lessons learned from managing a microcap portfolio, including the importance of evaluating management teams and differentiating between value traps and genuine opportunities. He concludes with a case study on Kits Eye Care, illustrating his investment philosophy and approach.
Connect with me:
Linkedin - https://www.linkedin.com/in/david-barbato/
Website - www.value-bridge.co
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Sponsor:
MicroCap Club: https://microcapclub.com/
Legal Disclaimer: Not Financial Advice
The information provided in this interview is for informational and educational purposes only and should not be considered legal, financial, or investment advice. I am not a financial advisor, and nothing discussed should be interpreted as a recommendation to buy, sell, or hold any financial asset or security.
Additionally, I do not promote any stocks, investment opportunities, or financial products. I have not received any compensation, payment, or incentive, financial or otherwise, for participating in this interview.
Always conduct your own research and consult with a qualified professional before making any financial or investment decisions.
Connect with my Trailer Editor, Borys:
Instagram - http://instagram.com/BorysFilms
Chapters
00:00 Understanding Re-Underwriting in Investment
29:53 The Importance of Primary Research
36:03 Sourcing Conversations for Insights
40:41 Turning Rocks: The Art of Idea Generation
46:03 Prioritizing Investment Research
49:01 The Art of Questioning in Interviews
53:41 Distinguishing Value Traps from Opportunities
54:25 Evolving Investment Strategies
59:32 Navigating Portfolio Management
01:05:26 Lessons from Past Mistakes
01:10:27 Evaluating Management Teams
01:15:03 Case Study: Kits Eye Care