MicroCap Review Summer 2020

Page 70

F E AT UR E D A RT ICL E

Discovering a Wealth Creator Portfolio

D

n BY MANEESH NATH

70

MicroCap Review Magazine

ue to the ongoing COVID-19 crisis, investors have nearly $5 trillion in money markets, surpassing the peak of the financial crisis, as they are wary of stocks. While building my investment framework two decades ago, I used to make sure that even if a major event like the dotcom bubble, the credit crisis, or the current health crisis takes place in the future it shouldn’t change my core investing principles and investment strategy. To see what has worked in the past, I went ahead and studied the past one hundred years of US business history. I also studied the investment process of legendary investors of the 20th Century. Then, I analyzed the characteristics of great companies that created shareholder’s value and the qualities of successful investors who did well for their investors over a considerable amount of time. After a lot of brainstorming, it was evident that a company which has shown remarkable growth in the past decade, which is run by a capable leader and is bought at a reasonable valuation has a good enough chance to become a wealth creator for the portfolio. So, if I can create a framework through which I can consistently come up with several wealth creators, the portfolio is going to compound at an above-average rate and will out-perform the market both on absolute and relative terms. The second part of the investing equation was to master the behavioral finance aspect. So, if using my framework, I spot a company which is going to be a wealth creator in the next decade, I then need to stick with it and

not let the markets decide my buy or sell decisions. So both of the above points tie-in together because if the investment process is robust enough to spot great companies then the subsequent portfolio out-performance will help to dampen the turbulence when the

Ticker Holding REGI

Renewable Energy Group Inc

OESX

Orion Energy Systems Inc

MHH

Mastech Digital Inc

MED

Medifast Inc.

FFXDF Fairfax India Holdings Corp RCM

R1 RCM INC

VCTR

Victory Capital Holdings Inc

ELA

Envela Corp

VNDA Vanda Pharmaceuticals Inc GRVY

GRAVITY Co Ltd

STC

Sangoma Technologies Corp

EGO

Eldorado Gold Corp

SHYF

The Shyft Group Inc

VRTU

Virtusa Corp

MITK

Mitek Systems Inc

MBUU Malibu Boats Inc VBTX

Veritex Holdings Inc

CASH

Meta Financial Grp Inc

INTL

INTL FCStone Inc

CSIQ

Canadian Solar Inc

CNXN

PC Connection Inc

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