Best Small Cap Institute Podcasts (2024)

1
Breakfast Burritos and Boom Time Stocks 30:57

18d ago30:57

30:57

In episode 31 of Stocks Neat, Portfolio Manager Gareth Brown and CIO Steve Johnson discuss Nvidia’s unprecedented rise, the recent Guzman y Gomez IPO, current investor sentiment and macroeconomic concerns. They examine the future competitive landscape of the AI chip space and Guzman’s plans for global expansion. Moving onto the whiskey tasting, the…

1
Let Your Winners Run: AI, Commodities, and Emerging Markets 25:21

2M ago25:21

25:21

In episode 30 of Stocks Neat, Portfolio Manager Harvey Migotti and CIO Steve Johnson discuss recent portfolio performance including which surprise sectors have started contributing in 2024. They cover a wide range of topics including AI related companies, China worries, and overlooked opportunities in sectors such as European financials. The conver…

1
Timeless Tactics: Preparing Your Portfolio for Market Downturns 34:06

3M ago34:06

34:06

In episode 29 of Stocks Neat Co-Portfolio Manager Gareth Brown and CIO Steve Johnson discuss several investing maxims, and how these might apply to portfolio positioning in prior and current markets. Topics covered include cleaning portfolios to include only high conviction ideas, selling when you can, maintaining cash in the portfolio, how to depl…

1
Price gouging in Australia: Is it happening, what can be done about it, and do investors need to worry? 28:29

4M ago28:29

28:29

In episode 28 of Stocks Neat Co-Portfolio Manager Gareth Brown and CIO Steve Johnson discuss the prospect of price gouging in major Australian industries, the role future Competition Policy has to play, and the potential implications for investors. The topic of competition problems in Australia has garnered increased publicity in recent times, driv…

1
Fear and FOMO: How to go against the crowd by understanding investing psychology 31:30

5M ago31:30

31:30

In episode 27 of Stocks Neat Co-Portfolio Manager Gareth Brown and CIO Steve Johnson discuss the recent performance of small caps and the psychology of investing. Understanding the psychology of ourselves and others can go a long way to helping us navigate through life. Markets and investing is no different. Understanding this can enable us to avoi…

1
Wild 2023 market swings: Uranium prices surge to nuclear highs and small caps start to recover 27:09

6M ago27:09

27:09

In episode 26 of Stocks Neat Co-Portfolio Manager Harvey Migotti, Analyst Nicholas Plessas and CIO Steve Johnson sit down to discuss the year just passed in markets, most notably a strong rally in uranium and the small cap recovery at the end of 2023. The uranium story grew throughout 2023 with the spot price increasing through the year. This was d…

1
From the Australian Institute of Sport to the NBA: How this Aussie small cap is making a name for itself around the globe 24:35

7M ago24:35

24:35

For our holiday edition of Stocks Neat, Alex Shevelev, Portfolio Manager of the Forager Australian Shares Fund, is filling in for Steve and Gareth and he’s joined by a special guest, Will Lopes. Will is the CEO and Managing Director of Catapult (ASX: CAT) which has been an investment of the Australian Shares Fund for a number of years. With origins…

1
What our trip to the US and Japan is telling us about the economy: Insights from the road 27:17

8M ago27:17

27:17

In the latest episode of Stocks Neat, Steve Johnson and Harvey Migotti discuss what they learned on their recent trip to the US and Japan. Their trip started in Chicago at an industrials conference, which gave the pair a temperature check on what is happening in the US economy. Then, Steve and Harvey visited Tokyo to meet with a few companies under…

1
Why higher rates are good for the world (and which stocks can do well) 33:13

9M ago33:13

33:13

In episode 23 of Stocks Neat, Co-Portfolio Manager Gareth Brown and CIO Steve Johnson sit down to discuss the opportunities available for investors in the current interest rate environment, following our CIO Letter, "Reasons to welcome the death of TINA”. In October, yields on US Government 10-year bonds hit 4.98%, a level not seen since the mid-20…

1
Running with the Uranium Bulls 25:12

10M ago25:12

25:12

In episode 22 of Stocks Neat, Co-Portfolio Manager Harvey Migotti and CIO Steve Johnson sit down to discuss the growing interest in uranium, with the spot uranium price up almost 10% since the start of August and 27% so far in 2023. It has been a tough period for uranium investors over the last few years, with no new mine supply and rock bottom pri…

1
Magic Pills - How New Weight Loss Drugs are Changing Society and the Stock Market 30:56

11M ago30:56

30:56

In the latest episode of Stocks Neat, Steve and Gareth discuss the recent news surrounding the GLP-1 inhibitor drugs taking the world - and stock markets - by storm. Originally used to treat Type-2 diabetes, clinical trials have shown GLP-1 drugs may be highly effective in causing weight loss. While the most common form of the drug requires regular…

1
Why the goldilocks economy is great for small caps and the problem with Australian housing policy 29:03

12M ago29:03

29:03

In episode 20 of Stocks Neat, Co-Portfolio Manager Gareth Brown and CIO Steve Johnson sit down to explore the global economic outlook, its goldilocks nature, and its implications for investing. Switching from their usual whiskey, Steve and Gareth opt for a coffee as the conversation kicks off with a reflection on the past year's positive investment…

1
Reckoning Looms for Unlisted Assets 29:02

1y ago29:02

29:02

In the latest episode of Stocks Neat, Co-Portfolio Manager Gareth Brown joins CIO Steve Johnson to shed light on the commercial property industry and the broader issue of unlisted assets, particularly focusing on Australia's super funds and their refusal to recognise the real value of some of their unlisted assets. The second topic they explore is …

1
Buffett lessons you won’t hear at Berkshire 25:58

1y ago25:58

25:58

After some time on the sidelines, Co-Portfolio Manager Gareth Brown is back in the hot seat, joining CIO Steve Johnson for the latest episode of Stocks Neat as they delve into lessons from the recent Berkshire Hathaway meeting. They reflect on the meeting’s evolution over decades, how size has impacted investment decisions and the increasing conser…

1
Outperforming the Market: Why the US is Still an Attractive Investment Destination 35:30

1y ago35:30

35:30

Co-Portfolio Manager Harvey Migotti joins CIO Steve Johnson as they delve into the world of American investing in the latest episode of Stocks Neat. Harvey shares his insights on the critical lessons learnt from investing in the US market over his career, including the high liquidity and capital allocation priorities and how competitive the investo…

1
Moral hazard in the tech industry: the case of Silicon Valley Bank 33:26

1+ y ago33:26

33:26

In episode 16 of Stocks Neat, Co-Portfolio Manager Gareth Brown joins CIO Steve Johnson, all the way from London, to delve into the Silicon Valley Bank bankruptcy and the broader issues of regulation, moral hazard, and the importance of creative destruction for economic growth. Steve and Gareth explore the issues of solvency and liquidity in the ba…

1
Portfolio Management Strategies: Navigating the January Rally and Avoiding Investor Traps 41:49

1+ y ago41:49

41:49

In this episode of Stocks Neat, Co-Portfolio Manager Harvey Migotti joins CIO Steve Johnson to discuss the recent January rally and what it could mean for future returns. They also share insights on how investors can protect themselves from being too conservative and missing out on potential gains. Special guest Liam Shorte, @SMSFCoach on Twitter, …

1
Disney’s Corporate Blunders and Why BP Could Be Next 33:59

1+ y ago33:59

33:59

In the latest episode of Stocks Neat, Steve Johnson is joined by Senior Analyst Chloe Stokes as they delve into the topic of market short-termism. They discuss notable examples of corporate blunders, including the struggles of Walt Disney and the potential threat of ChatGPT (an AI-driven natural language processing tool that has grown in popularity…

1
The contrarian case for small-caps in 2023 33:34

1+ y ago33:34

33:34

In the latest episode of Stocks Neat, which is our final episode of 2022, Steve and Gareth are discussing small-cap stocks and why they might be an interesting place to be investing in 2023. Small-caps have been hit harder than the rest of the market, so many are already looking very cheap as we head into an expected recession. There is no new whis…

1
Mergers and acquisitions - the good, the bad and the ugly 38:42

1+ y ago38:42

38:42

In the latest episode of Stocks Neat, Steve and Gareth talk all things M&A. They discuss the best and worst deals they have seen, as well as what to look out for when assessing whether a merger or acquisition will have long-term success. As a first for Stocks Neat, we have a guest interview. Grant Webster, CEO of Tourism Holdings New Zealand, is in…

1
Meta's woes, Twitter's close, and the end of an investing epoch 37:31

1+ y ago37:31

37:31

In this episode of Stocks Neat, Steve and Gareth talk about how the tech bust has finally hit the likes of Alphabet, Microsoft and Meta, with some very low growth rates coming from these tech giants that have outperformed for decades. They also chat about the impending Musk takeover of Twitter, including the open letter of demands written by Twitte…

1
How to invest for an inevitable consumer slowdown 34:15

2y ago34:15

34:15

In this episode of Stocks Neat, Steve is joined by Alex Shevelev, Senior Analyst on the Forager Australian Shares Fund, to discuss the potential decline of consumer spending as mortgage payments and non-discretionary price rises begin to bite, and how the consequences of this might affect some businesses more than others. They also consider common …

1
Nobody puts value in the corner 38:59

2y ago38:59

38:59

Who said value investing means crappy businesses? It’s something we've pondered recently off the back of some questions around our own investment style. In this episode of Stocks Neat, Steve and Gareth discuss a bit of the history behind value investing, how index funds have reshaped the game, and Forager’s own approach. Before we get to that thoug…

1
The difference between a stock price and a company’s value 32:25

2y ago32:25

32:25

In this episode of Stocks Neat, at a more important time than ever, Steve and Gareth remind listeners that they're only ever seeing a tiny percentage of a company trade hands. In fact, the valuation of a company and the price one pays for it can be very different. The guys also consider what’s driving the magnitude of the current market moves and s…

1
The craziest bond ever issued, looming recession worries, and why WeHubbed 38:12

2y ago38:12

38:12

In June's episode of Stocks Neat, Steve and Gareth discuss a 100-year Austrian bond issued in 2017, before diving into the market commentary around a recession and how it might be different from others. And after Forager’s recent office move, the guys also chat about the concept of shared office spaces. Our whisky of choice this month is something …

1
Steve and Gareth on EVs and the scourge of stock-based comps 36:40

2y ago36:40

36:40

In this episode of Stocks Neat, Gareth Brown and Steve Johnson discuss the electric vehicle revolution and a topic that’s really gotten under Forager’s skin: the scourge of stock-based compensation. And for this month’s tasting, Gareth shares a single malt from The Scotch Malt Whisky Society, interestingly named "A Maple Syrup Mountain Spring" - do…

1
Twitter bids, social media monetisation and control in volatile markets 35:04

2y ago35:04

35:04

In this episode, CIO Steve Johnson is joined by whisky-naysayer (and Forager's Senior Analyst) Chloe Stokes to discuss the bid for Twitter, social media monetisation, and finding control in volatile markets. Chloe also shares her experience as a younger investor and reveals the stocks (and burgers) currently on her watchlist. We'd love your feedbac…

1
Business blues, inflation and supply chains in the US 31:10

2+ y ago31:10

31:10

Haven’t travelled in a while? Then join Steve Johnson and Gareth Brown in Chicago for an episode of Stocks Neat, as they taste-test an American bourbon and recap their research trip in the US. Tune in as they reflect on the impacts of inflation and supply chain disruptions on businesses in the US, and the potential impact of the war in Ukraine on t…

1
Investing in whisky – worth it? 39:09

2+ y ago39:09

39:09

In this episode of Stocks Neat, Forager’s Steve Johnson and Gareth Brown taste-test a Tasmanian classic and answer the question: is whisky really a worthwhile investment? Featuring Tamikah from the Forager team, they also chat tech stocks, offer an update on Magellan, and discuss the drama at Lark Distilling Co. We'd love your feedback. If you like…

1
Small-caps, Magellan, and men who fly 39:07

2+ y ago39:07

39:07

It's Friday, so grab a drink and tune into the latest episode of Stocks Neat to hear Forager’s Steve Johnson and Gareth Brown chat small-cap stocks and reveal their take on the Magellan saga over a dram from Corowa Distilling Co. They also explain why the adult brain is more like a Kia Sportage than a Ferrari, and marvel at the story of a man who t…

1
Steve and Gareth on travel, Omicron and lessons learned 36:59

2+ y ago36:59

36:59

Grab a drink and tune into the first (official) episode of Stocks Neat, as Forager’s Steve Johnson and Gareth Brown taste-test a dram from the Scotch Malt Whisky Society and talk travel, Omicron and share markets in 2021. They also reveal some of the lessons they’ve learned over the past year and the investment ideas they’ve changed their minds on.…

1
Joseph Manko, The Horton Fund - On founder CEOs and transition (part 2) 3:02

3y ago3:02

3:02

It’s one thing to have a great career in investment banking, a standout career in law, or be a long-tenured institutional investor; Joseph Manko, Jr.* has done all three. In his senior role at The Horton Fund, Joe now has a front row seat daily to the unique boardroom challenges faced by small-cap companies. SCI is confident that you’ll learn from …

1
Joseph Manko, The Horton Fund - On founder CEOs and transition (part 1) 2:47

3y ago2:47

2:47

It’s one thing to have a great career in investment banking, a standout career in law, or be a long-tenured institutional investor; Joseph Manko, Jr.* has done all three. In his senior role at The Horton Fund, Joe now has a front row seat daily to the unique boardroom challenges faced by small-cap companies. SCI is confident that you’ll learn from …

1
Caroline Tsay - What small-cap board members can learn from their large-cap colleagues 4:26

3y ago4:26

4:26

Caroline discusses several large-cap governance best practices that she believes are critical to small-cap boardroom success: (1) ethics/compliance; (2) capital allocation oversight; (3) diversity; and (4) CEO succession planning. Long before turning 40, Caroline Tsay* had multiple large-cap senior operating roles in technology, and has also served…

1
John Rogers, Ariel Investments - On the importance of management and board relationships 2:32

3y ago2:32

2:32

One thing we hear constantly when speaking with accomplished CEOs is how key of a role their boards of directors played in their company's ultimate success, both in periods of growth and challenge. John Rogers hits on this exact point from the investor perspective. SCI was fortunate to spend time speaking with John W. Rogers, Jr., Chairman, Co-CEO,…

1
John Rogers, Ariel Investments - There’s a lot more to it than numbers 1:40

3+ y ago1:40

1:40

We all know and appreciate the old adage: “great minds think alike.” If you listen to SCI’s interview with Garry Ridge, the high-performing CEO of WD-40, you will hear Mr. Ridge talk about the importance of corporate culture, and the importance of CEOs knowing what they don’t know. Now listen to Mr. Rogers, and you’ll immediately assimilate the “gr…

1
Caroline Tsay - Hiring people for startups is very different 2:49

3+ y ago2:49

2:49

Just as governing smaller companies is much different than governing enterprises, hiring employees is also different, according to Caroline. Listen in particular to her thoughts about the importance of a prospective employee’s passion for the company’s mission, as well as their need for the type of job “certainty” that’s more common in larger compa…

1
Joseph Manko, The Horton Fund - On boards comprised of the CEOs friends 3:52

3+ y ago3:52

3:52

You could easily be convinced by reading The Wall Street Journal and listening to CNBC that shareholder activism is a large-cap phenomenon, but in reality the opposite is true. Most shareholder activism is in small-cap companies, and the lion’s share of campaigns are waged due to improperly comprised boards. When asked what most requires systemic m…

1
Joseph Manko, The Horton Fund - Incentive-based compensation: the devil is in the details 2:38

3+ y ago2:38

2:38

Every small-cap investor is concerned about revenue growth and profitability. But executive compensation needs to be driven by incentives that are company specific versus one-size-fits-all. Listen to Joe talk about one of his portfolio companies and how large a portion of executive compensation is focused upon key performance metrics other than EBI…

1
Caroline Tsay - Is corporate governance really one size fits all? 2:14

3+ y ago2:14

2:14

Attend any corporate governance continuing education program in the U.S. and you’ll likely be told that governance is essentially the same whether you’re governing a Fortune 50 company or a startup. Unfortunately, few of those boardroom “experts” have ever actually been involved in small, high-growth companies, so they’re unaware that governance mo…

1
John Rogers, Ariel Investments - On assessing management teams 4:03

3+ y ago4:03

4:03

Part of being a successful small-cap investor is being a forensic observer. Since so many small-caps aren’t covered by high quality equity research analysts, investors are left to uncover all the value – and risks – on their own. If you think the term “forensic observer” is a bit overstated, you might think differently when you hear Mr. Rogers disc…

1
John Rogers, Ariel Investments - On subpar boards 3:12

3+ y ago3:12

3:12

We are constantly asked by small-cap officers, directors, and service providers whether corporate governance is something investors care about as much as they read in major business media. Rather than paraphrase, you can just listen to Mr. Rogers for yourself; pay particular attention to the part where he discusses the nexus between subpar boards a…

1
Joseph Manko, The Horton Fund - On the "good people" category, and encountering arrogance 3:55

3+ y ago3:55

3:55

It’s one thing to have a great career in investment banking, a standout career in law, or be a long-tenured institutional investor; Joseph Manko, Jr. has done all three. In his senior role at The Horton Fund, Joe now has a front row seat daily to the unique boardroom challenges faced by small-cap companies. SCI is confident that you’ll learn from h…

1
Caroline Tsay - On what small-cap executives/directors can learn from large-caps 3:34

3+ y ago3:34

3:34

Long before turning 40, Caroline Tsay had multiple large-cap senior operating roles in technology, and has also served on the boards of iconic American companies such as The Coca-Cola Company and Morningstar. Now, nearly four years into running a software company she co-founded, there are few executives in the country who share her unique perspecti…

1
CEO Corner, with Karen Zaderej (Axogen Corporation, Nasdaq:AXGN) 41:40

5y ago41:40

41:40

Small-Cap Institute's Amanda Gerut interviews Karen Zaderej. Ms. Zaderej is chairman, CEO, and president of Axogen Corporation (NASDAQ:AXGN). Axogen (AXGN) is the leading company focused specifically on the science, development and commercialization of technologies for peripheral nerve regeneration and repair. Karen served as Chief Executive Office…

1
CEO Corner, with Garry Ridge (WD-40 Company, Nasdaq:WDFC) 52:26

5+ y ago52:26

52:26

Small-Cap Institute's Amanda Gerut interviews WD-40 CEO, Garry Ridge. Mr. Ridge is president and chief executive officer of the WD-40 Company (NASDAQ:WDFC). WD-40 Company is the maker of the ever-popular WD-40, as well as 3-IN-ONE Oil, Solvol and Lava heavy duty hand cleaners and X-14, Carpet Fresh, Spot Shot, 1001 and 2000 Flushes household cleani…

1
Garry Ridge (CEO, WD-40 Company) on saying "I don't know" 3:40

5+ y ago3:40

3:40

Garry Ridge has grown WD-40 Company (ticker: WDFC) 10 fold during his tenure as CEO. Garry states that the most important three words in the English language are "I don't know," and goes on to explain why he feels that way in this brief clip.

1
CEO Corner: Billy Prim (Nasdaq:PRMW) On Being Authentic And Attracting Quality Board Members 2:10

5+ y ago2:10

2:10

Billy Prim, Chariman of Primo Water (Nasdaq:PRMW) talks about being authentic and attracting the right board members.

1
CEO Corner: Billy Prim (Nasdaq:PRMW)on Hiring a Team and Board Relations 4:33

5+ y ago4:33

4:33

Billy Prim discusses the thought process behind hiring a team and relationships with his board, having been the founder of two small-cap companies.

1
CEO Corner, with Billy Prim (Nasdaq:PRMW) 41:14

5+ y ago41:14

41:14

Small-Cap Institute's Amanda Gerut interviews renowned small-cap CEO, Billy Prim. Mr. Prim founded Blue Rhino, which was ultimately acquired for $340m. Subsequently, Mr. Prim founded Primo Water (Nasdaq: PRMW), where he now chairs the board. Mr. Prim provides invaluable insights for other small-cap CEOs about how he was able to grow and sell Blue R…

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