The Case for MicroCaps and Why We're in the Early Innings of a New Cycle that Favors Smaller Companies with Doug Porter, Portfolio Manager and Senior Research Analyst at Acuitas Investments

About this episode

Doug Porter discusses the merits of MicroCap investing and the opportunities in the current market cycle.

My guest on the show today is Doug Porter, Portfolio Manager and Senior Research Analysts at Acuitas Investments. Doug and his team recently published a new white paper titled, “The Case for MicroCap.” For most of you listening in, you’re already a diehard MicroCap-per, and we’ve all succumbed to the altar to the merits of hunting in inefficient markets. Having said that, I invited Doug on here to not only remind us why we are here, why we hunt for the best investment ideas in our neck of the woods, but more importantly, in my opinion, to showcase why in 2025, the case for investing in MicroCaps has merit as a place to build wealth and allocate capital. Doug breaks down the structural inefficiencies and long-term opportunity in the micro-cap equity market — a segment that remains largely ignored by big institutions, but continues to be fertile ground for alpha generation. We discuss why micro-caps have historically outperformed in 84% of rolling 30-year periods, the critical role of active management in filtering out the riskiest names, and why Doug believes we’re in the early innings of a new cycle that favors smaller companies. Doug also explains how “Stable Operators” —…

People in this episode

Host: SNN Network

Guest: Doug Porter

Topics covered

• MicroCap investing
• market inefficiencies
• active management
• wealth building
• investment strategies

Keywords

• MicroCaps
• investment ideas
• structural inefficiencies
• active management
• Stable Operators

Mentioned in this episode

Organizations: Acuitas Investments

Books & works: The Case for MicroCap

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