Secrets of Small Cap Value Investing | Kyle Mowery

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Timestamps:
(00:00) Introduction
(00:57) The Small Cap Value Universe
(06:58) Why Did The Value Factor Used To Work, And Why Isn't It Working Now?
(11:27) How To Find Great Small Cap Value Stocks
(14:45) Finding Asymmetric Opportunities
(16:18) VanEck Ad
(17:51) Ferroglobe PLC
(20:50) ACV Auctions
(24:52) I Despise Price / Sales Ratio
(27:38) What Makes Some Investments Work, And Others Not Work?
(31:17) Look At Managements' Incentives
(40:54) Banking Stocks
(43:06) Last Time Small Cap Value Stocks Were "All The Rage": Early 2000s
(45:17) Has The Rise Of Passive Flows Distorted The Small Cap World?
(51:13) Markets Are "Broadly Efficient": Some Value Stocks Are Cheap For A Reason
(53:06) How to Avoid "Value Traps"
(58:42) How To Generate Short Ideas
(01:07:00) The Role of Macro
(01:08:37) U.S. Economy Is "Pretty Strong," European Economy Is "In Shambles"
(01:10:51) Calumet Specialty Products
(01:13:33) Inflation Reduction Act (IRA)
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Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.