LWE - 21st Aug, 2021
How Harley Grosser turned $100k into $800k in 4 years
At just 23 years’ old, Harley Grosser did what many of us only ever dream of and founded his company, Capital H Management. At the time, he had $50,000 of his own savings, and $50,000 from his grandparents. Over the next four years, he grew that money to $800,000 – forcing his grandmother off the aged pension in the process!
He achieved these returns through a combination of taking concreated positions, investing in materially undervalued small and microcaps, and looking for catalysts to help realise the value in underappreciated assets.
In this episode of The Rules of Investing podcast, we hear about the beginnings of Capital H Management, he explains how he tracks down microcap opportunities, and he tells us about a company going through significant change that the market has yet to fully appreciate.
Education
Where Harley Grosser is finding value in micro-cap stocks
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Topics discussed:
- 2:49 - The origins of Capital H Investments
- 6:54 - Capital H’s unique approach to investing
- 8:44 - How did Harley learn to invest?
- 13:04 - Why the focus on small/micro companies?
- 15:26 - Where are the best opportunities across the market currently?
- 19:39 - Crashes present a turning point in every fund manager’s career
- 21:56 - How to manage the risks associated with smaller names
- 25:49 - Signals of broken investment theses
- 29:07 - How does a small team cover a wide investible universe?
- 31:45 - Examples of red flags when screening companies
- 33:14 - What initially attracted Harley to Wisr, a 10-bagger for the fund
- 39:04 - A materially undervalued stock: Webcentral Group
- 41:59 - Harley answers our 3 favourite questions.
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The Rules of Investing is one of Australia's top investing podcasts. We interview the leading investment minds from Australia and overseas to better understand their processes and philosophy. After launching in October 2017, there have been over 150 episodes published - you can access all content on Livewire Markets, Spotify and Apple Podcasts.
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Livewire Markets
The Rules of Investing is one of Australia's top investing podcasts. We interview the leading investment minds from Australia and overseas to better understand their processes and philosophy. After launching in October 2017, there have been over...
Livewire Markets
The Rules of Investing is one of Australia's top investing podcasts. We interview the leading investment minds from Australia and overseas to better understand their processes and philosophy. After launching in October 2017, there have been over...
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