Small caps
16 interviews, newest first.
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Spring 2026
Jeff O'Donohue
Starfort Capital Management
A Los Angeles firm founded in 2015 that hunts for ideas in Japan and Korea. Jeff walks through Cuckoo and Tsubakimoto Kogyo and explains why he grades himself on doubling capital every 6 years.
InternationalAsiaSmall capsBuilding a firm -
Spring 2025
Roger Fan
RF Capital Management
Roger came in without the usual Ivy League and Goldman résumé and started RF Capital in 2017. He walks through Zengame, a Hong Kong-listed position, and Sprouts.
Small capsInternationalConsumerBuilding a firm -
Fall 2024
Chris Waller
Plural Investing
Chris on old-economy small caps, running a short book, and three ideas: TerraVest, Watches of Switzerland after Rolex bought Bucherer, and Seaport Entertainment.
Small capsInternationalShort selling -
Spring 2023
Matthew Sweeney
Laughing Water Capital
Matt started Laughing Water in 2016 to run a concentrated small-cap book. He explains how he answers 'why does this opportunity exist?' and walks through Avid Bioservices, Thryv and Hilton Grand Vacations.
Small capsSpecial situationsBuilding a firm -
Fall 2022
Connor Haley
Alta Fox Capital Management
Connor started Alta Fox in 2018 to invest in small, overlooked companies. He talks about what he took from Joel Greenblatt, the capital allocation mistakes he sees, engaging with management, and his IDT thesis.
Small capsActivismJudging managementBuilding a firm -
Spring 2021
Brian Bares
Bares Capital Management
Brian Bares on running a concentrated small-cap book: heavy qualitative research, no screens, and positions that can reach 15%.
Small capsPortfolio constructionBuilding a firm -
Fall 2018
Scott Miller
Greenhaven Road Capital
Scott ran businesses before starting Greenhaven Road in 2011. He talks about autonomous vehicles, sizing, and Etsy, TripAdvisor, Fiat Chrysler and Scheid Vineyards, a family wine company whose land is worth twice the share price.
Small capsSpecial situationsPortfolio construction -
Fall 2016
Alex Seaver & Brad Kent
Stadium Capital Management
Two partners who left private equity for public markets. They walk through how Stadium's strategy changed, its research and valuation process, and the activist campaigns it took on reluctantly.
ActivismSmall caps -
Spring 2016
Adam Wyden
ADW Capital
A fund started in 2011 by a 2010 CBS grad. Adam covers IDT and Howard Jonas, Ferrari, and why he found Fiat even more interesting.
Special situationsInternationalSmall caps -
Winter 2016
Jeff Gramm
Bandera Partners
Jeff talks about his book Dear Chairman, on boardroom fights and the rise of shareholder activism, and two current ideas: Famous Dave's and Star Gas Partners.
ActivismSmall caps -
Winter 2016
Jon Salinas
Plymouth Lane Capital
Jon on the mentors and approaches that led him to start Plymouth Lane, and two ideas: DHX Media and Sequential Brands.
Small capsBuilding a firm -
Spring 2013
Preston Athey
T. Rowe Price
A T. Rowe Price vice president on the idea in the interview's title: holding winners longer.
Small capsPortfolio construction -
Fall 2012
Chuck Royce, Whitney George, Charlie Dreifus & Buzz Zaino
Royce & Associates
Four small-cap veterans compare their styles, from meeting management to clean balance sheets, and talk about how small-cap investing has changed.
Small caps -
Winter 2011
Robert Robotti
Robotti & Company
'Small caps, big winners.' Bob started in public accounting and at Gabelli, and has run his firm's money for almost 30 years with a research-heavy focus on small and mid caps.
Small capsDeep value -
Summer 2009
Paul Sonkin
Hummingbird Value Fund
Paul compares the post-Lehman panic to 9/11, explains why he thought the expected 'next shoe' wouldn't drop, and talks about Avantair taking share from NetJets.
Small capsMacro and markets -
Summer 2007
Chuck Akre
Akre Capital Management
A short profile of Chuck Akre, from stockbroker at Johnston, Lemon to founding Akre Capital in 1989.
Quality compoundersSmall caps