Welcome to Patrick O’Shaughnessy's podcast series, Invest Like the Best.

My guest this week is Ian Cassel, a microcap investor who is always on the lookout for small companies which are run by men and women who are what he calls intelligent fanatics. Ian’s livelihood is based on the success or failure of a small group of companies that you have never hear of — he takes the idea of “skin in the game” to another level. We explore what Ian looks for in managers, why investors might want invest in microcap companies and the benefits of a frugal approach to life. Buying public companies that are as small as the ones which Ian considers is an entirely different style of investing than what most of us are used to in the public markets. Enjoy!

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For more episodes go to InvestorFieldGuide.com/podcast.