45 - Geoff Gannon Interview: Concentrated Investing in Overlooked Stocks ($NC, $KARE.AT, $NKR, $TRUX, $VLGEA)

How to connect with Geoff Gannon Follow his work on Twitter: @FocusedCompound Managed by Geoff's partner Andrew Kuhn Check out his website: FocusedCompounding.com Weekly Email and Watchlist Listen to his podcast: The Focused Compounding Podcast Please review and rate the podcast If you enjoyed this podcast and found it helpful, please consider leaving me a rating and review. Your feedback helps me to improve the podcast and grow the show's audience.  Support the Podcast on Patreon This is a podcast supported by listeners like you. If you'd like to support this podcast and help me to continue creating great investing content, please consider becoming a Patron at DIYInvesting.org/Patron. You can find out more information by listening to episode 11 of this podcast. Show Outline: Interview with Geoff Gannon of Focused Compounding Capital Management The full show notes for this episode are available at https://www.diyinvesting.org/Episode45 Part 1: Background and Geoff's Investing Process How have you developed as an investor over time? Willow Oak Partnership - Hedge Fund Launch Geoff Gannon's Investing Process: Concentrated (5 positions - 20% each) Overlooked stocks (Low liquidity, low beta) High Quality & Value Focus What to look for in corporate management Does selling stocks add value? Village Supermarket (VLGEA), Activision (ATVI), Coinstar (now private) Part 2: Example Investments - NACCO ($NC) Up 90% YTD (as of October 3rd, 2019) Finding value during spin-offs How to earn infinite returns on capital while mining coal  Part 3: Stock Talk - Karelia Tobacco (KARE.AT), Nekkar (NKR), Truxton Trust (TRUX)