www.mfp.co.in
The Infant Learner
Some stuff I read this week:
A. This week’s Special (Interview with Thomson Clark of Micro cap Millionaires)
What is Micro Cap : Micro Cap are some of the smallest stock on the market. These stocks generally have a market capitalization (Market Cap = Share price * no. of outstanding shares ) within the range of $50 million to $300 million.Since they are so small, they are largely ignored by major financial firms& financial media. Micro cap can provide the opportunities that turn a small starting stake into fortunes. These companies are having potential to become the next Infosys , Wipro , Facebook or Apple .
Who is Thomson Clark:-Thomson Clark is a family office analyst and popular newsletter writer.He writes for “Micor Cap Millionaires” at Agora Financial’s.He has been interviewed twice at “The Micro Cap Conference“.In his first interview he discussed special situations and value investing in addition to touching on a couple of companies that he likes.In his second interview Clark dives into finding 100 bagger investments and discusses one of his favorite ideas.
MFP has collected transcripts of his interviews. Click the links given below to listen to the interviews:
Link 1 : First Interview ( MI 28 )
Link 2 : Second Interview ( MI 34 )
B. Entrepreneurial Diary
( “Business means solution of a particular problem and Creating value for customer as well as value for company ” – Paramjeet Redu )
10 Secret Mindsets of Multi-Millionaires ( Fortune )
‘Give Away Your Legos’ for Scaling Startups ( First Round )
Tiny startups need tiny boards ( Medium )
Start up Story : Routofy ( The Better India )
Start up Corner : Creo ( Business Standard )
An Indian farmer’s son is now worth more than $300 million ( QZ )
A CEO explains how to get a great job ( Yahoo Finance )
Khan Academy plans to crack the Rs 5.9 lakh cr Indian education market (Your Story)
C. Other Stories
Fundamentals Of Value Investing ( Value Tripod)
Building your mental model ( Seeking Wisdom )
Warren Buffett 1998 Talk at University of Florida ( Base Hit Investing )
End son-in-law treatment for FIIs ( Money Control )
Venezuela is falling apart ( Atlantic )
Pursuit of Knowledge is a Crutch: Take Action ( Sure Dividend )
The Man Who’s Re-(Re-Re)Inventing J.C. Penney ( Fortune )
HNIs return to realty, this time via new route( The Hindu )
India has a new law on bankruptcy( Mint )
“I read everything: annual reports, 10k’s, 10q’s, biographies, histories, five newspapers a day. On airplanes, I read the instructions on the backs of seats. Reading is key. Reading has made me rich over time” – Warren Buffett
“I constantly see people rise in life who are not the smartest, sometimes not even the most diligent, but they are learning machines. They go to bed every night a little wiser than they were when they got up and boy does that help, particularly when you have a long run ahead of you” – Charlie Munger
You have to apply yourself each day to becoming a little better. By applying yourself to the task of becoming a little better each and every day over a period of time, you will become a lot better”- Carol Dweck