Planet MicroCap Podcast | MicroCap Investing Strategies

In this episode of the Planet MicroCap Podcast, I spoke with Jeremie Boyer, Co-Founder and Lead Research Analyst at Aurelion Research, for a conversation on what it looks like to build an independent research firm in your early twenties - and how staying outside traditional institutional constraints can be a genuine edge.

We break down his process for identifying ideas before the broader market catches on - from tracking global elections as a timing signal to uncovering shipping cycles that large funds won't touch - and why he believes a simple, well-timed price target beats a full DCF model almost every time. We also get into why Aurelion keeps its portfolio concentrated but sector-diversified, what he learned from his early calls in oil tankers and Canadian consumer brands, and the internship pitch that didn't land but set everything else in motion.

For more information about Aurelion Research, please visit: https://aurelionresearch.com/

Chapters:

00:00 Introduction to Jeremie Boyer and his research approach
02:10 Jeremie's background and early investment experiences
04:46 The advantages of independent research and quick decision-making
05:13 Jeremie's start in investing during 2020 and initial influences
06:25 Lessons from early investment mistakes and successes
07:50 Influence of Mathieu Martin and Rivemont process
10:16 Adapting strategies from Rivemont to independent research
14:29 Key criteria for discovering investment ideas
19:21 Using political and macro analysis to identify opportunities
26:49 Case study: Shipping industry cycles and overlooked opportunities
32:10 Learning from investment experiences and managing risk
43:52 Focus on overlooked sectors like healthcare and uranium
52:08 Jeremie's independent research process and future outlook

Planet Microcap hosts the highest quality in-person microcap events in North America. The mission is to bring the best microcap investors, companies, and allocators together to gather, connect, and grow.; visit https://planetmicrocap.com/ to learn more about our Las Vegas and Toronto events.

This presentation is for informational purposes only and should not be construed as a recommendation to purchase or sell any security referenced herein. Planet MicroCap Holdings LLC and MicroCapClub LLC (collectively, “we” or “our”) are not licensed brokers nor registered investment advisors. We, our partners, contractors, members, subscribers, guests, or affiliates may or may not hold positions in one or more of the securities mentioned in this presentation and may trade in such securities at any time. We may have received cash compensation from one or more participants for presenting at past, present, or future events. We recommend you consult a licensed investment adviser, broker, or legal counsel before purchasing or selling any securities referenced in this presentation.

In this episode of the Planet MicroCap Podcast, we brought back the Investors Roundtable - our first since 2022 - with Maj Soueidan of GeoInvesting, Tim Heitman of Investing 501, and Mathieu Martin of the Rivemont MicroCap Fund.

With the Russell MicroCap up roughly 27% year to date, we dig into what's actually driving that move, what's worked and what hasn't for our panelists, and whether this rally feels earned or fragile. We run through the Good, Bad, and Ugly from August 2026 earnings season - including a report that looked ugly on the surface but told a very different story underneath. We also close out with each guest's highest conviction idea right now and where they're looking heading into 2027.

For more information about GeoInvesting, Investing 501 and Rivemont MicroCap Fund, please visit: https://geoinvesting.com/ | https://substack.com/@investing501 | https://rivemont.ca/en/alternative-funds/rivemont-microcap-fund/ 

Chapters:

00:00 Introduction to the Investors Roundtable
02:10 Market Overview and Rally Drivers
03:41 Discipline in the Current Rally
05:09 Value Investing in the Age of AI
07:03 Russell MicroCap Composition and Performance
08:30 Sector Contributions to MicroCap Rally
14:14 Portfolio Strategies and Sector Challenges
17:37 Cannabis Stocks and Sector Opportunities
22:05 What Has Worked and What Hasn't in 2026
44:53 Earnings Season Highlights and Key Reports
01:07:25 Looking Ahead to 2027: Trends and Themes
01:17:41 Follow the Experts: Social and Newsletter Links

Planet Microcap hosts the highest quality in-person microcap events in North America. The mission is to bring the best microcap investors, companies, and allocators together to gather, connect, and grow.; visit https://planetmicrocap.com/ to learn more about our Las Vegas and Toronto events.

This presentation is for informational purposes only and should not be construed as a recommendation to purchase or sell any security referenced herein. Planet MicroCap Holdings LLC and MicroCapClub LLC (collectively, “we” or “our”) are not licensed brokers nor registered investment advisors. We, our partners, contractors, members, subscribers, guests, or affiliates may or may not hold positions in one or more of the securities mentioned in this presentation and may trade in such securities at any time. We may have received cash compensation from one or more participants for presenting at past, present, or future events. We recommend you consult a licensed investment adviser, broker, or legal counsel before purchasing or selling any securities referenced in this presentation.

In this episode of the Planet MicroCap Podcast, I spoke with Lucas Sacerdote, Founder and CIO of Valora Investment Group, for his first-ever podcast appearance.

We break down his focus on real, tangible assets trading at steep discounts to book value, why he believes the technology frontier is currently being bottlenecked by the physical frontier, and how he thinks about building concentrated positions in energy and infrastructure names. We get into his biggest current position, Canadian Solar, why he thinks the hate on solar is overblown, and how he differentiates between value traps and genuine opportunity.

We also touch on EOS Energy, LibertyStream, Comstock, Adecoagro, and his broader thesis on Argentina. We mention several companies during this conversation, and Lucas is a current shareholder in Canadian Solar, EOS Energy, LibertyStream, Comstock, and Adecoagro.

For more information about Valora Investment Group, please visit: https://www.valoraig.com/ 

Chapters

00:00 Introduction to Lucas Sacerdote and his background
01:58 Lucas's investment philosophy and focus on tangible assets
03:58 His journey from KIG Investment Management to founding Ballora
08:01 Argentina's capital markets ecosystem and opportunities
12:05 Filtering process from 53,000 companies to 50 stocks
19:00 Case study: Canadian Solar and due diligence process
23:01 Managing conviction and position sizing in microcap investing
29:53 Market run-ups, valuation, and behavioral biases
37:07 Lessons from 2022 and downside protection
39:58 Argentina’s macro outlook and investment thesis
44:09 Advice for young investors and where to follow Lucas

Planet Microcap hosts the highest quality in-person microcap events in North America. The mission is to bring the best microcap investors, companies, and allocators together to gather, connect, and grow.; visit https://planetmicrocap.com/ to learn more about our Las Vegas and Toronto events.

This presentation is for informational purposes only and should not be construed as a recommendation to purchase or sell any security referenced herein. Planet MicroCap Holdings LLC and MicroCapClub LLC (collectively, “we” or “our”) are not licensed brokers nor registered investment advisors. We, our partners, contractors, members, subscribers, guests, or affiliates may or may not hold positions in one or more of the securities mentioned in this presentation and may trade in such securities at any time. We may have received cash compensation from one or more participants for presenting at past, present, or future events. We recommend you consult a licensed investment adviser, broker, or legal counsel before purchasing or selling any securities referenced in this presentation.

In this episode of the Planet MicroCap Podcast, I spoke with Tim Heitman - full-time private investor, MicroCap Club member, and longtime Dallas Stars team photographer - for a wide-ranging conversation that started at the World Cup and ended up deep in the weeds of microcap due diligence.

We break down how his time at Fidelity during the Lynch era and later at David Tice's Behind the Numbers shaped a simple but durable framework: understand the business first, the numbers take care of themselves. We get into his approach to management interviews - including why he tells CEOs to treat him like a new board member, how he uses Claude to grade his own interview performance, and why asking the jerk question is sometimes the most important thing you can do.

We also cover why obsessing over models is the most common mistake smart new investors make, and what sports photography taught him about controlling emotions under pressure. We mention several companies during this conversation, and Tim is a current shareholder in Mama Creations, Noble Romans, and Innovative Foods.

For more information about Tim and Investing 501 Newsletter, please visit: https://investing501.substack.com/

Chapters:

00:00 Introduction and guest background
39:28 The Role of Management Changes and Management Quality
40:36 Case Study: Mama Creations and Management Turnarounds
41:42 Assessing Management Genuineness and Track Record
43:10 The Importance of Asking Hard Questions
44:28 Using AI to Prepare for Management Calls
45:50 Techniques from Negotiation Expert Chris Voss
46:51 Analyzing Conference Call Transcripts with AI
48:11 Grading Your Own Interview Performance
50:19 Post-Interview Follow-up and Deepening Insights
51:47 Reflections on Microcap Investment Strategies
52:03 The Evolution of Microcap Information Access
54:01 The Power of Information Arbitrage in Microcaps
55:29 Advice for Young Microcap Investors
56:35 Common Mistakes in Microcap Analysis
57:16 Building Better Models and Valuations
58:46 Controlling Emotions and Having a Process
01:00:07 Rethinking Assumptions About Boards and Management
01:01:27 How to Approach Management as a Potential Board Member
01:03:28 Shifting Focus from Pitch to Strategy
01:04:55 Using Questions to Uncover Management Incentives
01:07:22 Managing Cultural Change in Microcap Companies
01:08:20 Advice for Younger Investors and Analyzing Management
01:09:40 Leveraging Conference Decks and Transcripts for Insights
01:11:36 Controlling Emotions and Having a Clear Plan
01:12:17 Interrelation of Photography and Investing Mindsets
01:12:48 The Importance of Basic Accounting and Behavioral Finance
01:13:17 Controlling Emotions and Consistent Process in Investing
01:14:05 Where to Follow Tim Heitman and Engage

Planet Microcap hosts the highest quality in-person microcap events in North America. The mission is to bring the best microcap investors, companies, and allocators together to gather, connect, and grow.; visit https://planetmicrocap.com/ to learn more about our Las Vegas and Toronto events.

This presentation is for informational purposes only and should not be construed as a recommendation to purchase or sell any security referenced herein. Planet MicroCap Holdings LLC and MicroCapClub LLC (collectively, “we” or “our”) are not licensed brokers nor registered investment advisors. We, our partners, contractors, members, subscribers, guests, or affiliates may or may not hold positions in one or more of the securities mentioned in this presentation and may trade in such securities at any time. We may have received cash compensation from one or more participants for presenting at past, present, or future events. We recommend you consult a licensed investment adviser, broker, or legal counsel before purchasing or selling any securities referenced in this presentation.

In this episode of the Planet MicroCap Podcast, I spoke with Shawn Behnam and Gabriel Etessami, Co-Founders of Garden Capital Management, for their first-ever investing podcast appearance.

We break down their S-curve framework for identifying technologies at the early stages of adoption, how they think about position sizing when the outcome is clear but the timing isn't, and why they run a concentrated portfolio in a space where most people default to diversification. We also get into their current conviction on energy infrastructure as an AI tailwind, a deep look at Joby Aviation and the eVTOL (electric vertical takeoff and landing) space, and where they think market consensus is simply wrong right now.

For more information about Garden Capital Management, please visit: https://www.gardencapitalmanagement.com/

Chapters:

00:00 Introduction to Garden Capital and the Podcast
02:06 Backgrounds of Shawn and Gab and their investment philosophies
06:55 The origin of their interest in equity analysis and early-stage tech
15:06 Understanding the S-curve and its significance in investing
21:10 Differentiating real inflection points from false signals
27:48 Managing uncertainty and sizing positions in long-term bets
32:10 Focus on smaller companies and the investment universe
38:09 Emerging themes like energy demand and quantum computing
41:51 Market consensus and identifying mispriced opportunities
49:59 The role of social media and fan engagement in investing
54:51 The importance of management quality and team alignment
01:01:52 Key experiences shaping their investment approach
01:02:53 How to find undervalued companies on the S-curve
01:04:11 Closing thoughts and contact information for Garden Capital

Planet Microcap hosts the highest quality in-person microcap events in North America. The mission is to bring the best microcap investors, companies, and allocators together to gather, connect, and grow.; visit https://planetmicrocap.com/ to learn more about our Las Vegas and Toronto events.

This presentation is for informational purposes only and should not be construed as a recommendation to purchase or sell any security referenced herein. Planet MicroCap Holdings LLC and MicroCapClub LLC (collectively, “we” or “our”) are not licensed brokers nor registered investment advisors. We, our partners, contractors, members, subscribers, guests, or affiliates may or may not hold positions in one or more of the securities mentioned in this presentation and may trade in such securities at any time. We may have received cash compensation from one or more participants for presenting at past, present, or future events. We recommend you consult a licensed investment adviser, broker, or legal counsel before purchasing or selling any securities referenced in this presentation.