Ep. 38: Ian Cassel on the Making of a Great Stock Picker

In this episode of The Long Game, I sit down with Ian Cassel, founder of MicroCapClub, chief investment officer of Intelligent Fanatics Capital Management, and author of the new book Stock Picker, for a conversation that turned out to be far less about stocks than about the person doing the picking. We talk about why Ian believes no one starts investing with a blank slate, how to tell discipline apart from delusion, why most microcaps have to be sold within three years even when they're winning, what it actually costs to buy your own freedom, and the one trait he thinks separates good investors from great ones. This one is for anyone who has ever understood a company perfectly and still lost money on it. Ian's answer to why that happens is the reason I wanted to make this episode. *** My previous conversations with Ian: (2021) Ian Cassel on Microcap Investing, Dealing with Self-Doubt, and the Secret of Happiness: https://youtu.be/YGynCfzCxXo (2015) Microcap Investing, the Ian Cassel Way: https://www.safalniveshak.com/ian-cassel-microcap-investing/ Ian Cassel's key links: Stock Picker (new book): https://link.amazon/B0ivBrPPs Website - Microcapclub - https://microcapclub.com/ Twitter - https://x.com/iancassel Connect with me and Safal Niveshak: The Long Game (new book): https://www.safalniveshak.com/books/ Twitter - https://x.com/safalniveshak Subscribe to The Long Game for long-form conversations on investing, decision-making, and the art of thinking clearly over a lifetime. Disclaimer: This conversation is for educational purposes only and is not investment advice. Please do your own research or consult a registered advisor before making any investment decision. #IanCassel #StockPicker #Investing #MicrocapInvesting #MicroCapClub #ValueInvesting #StockMarket #TheLongGame #IntelligentFanatics #InvestingPodcast #StockPicking #VishalKhandelwal #SafalNiveshak