AccentWealth: Carlo Cannell on investing in Small-Caps, Short Selling and Activist Investing

Carlo Cannell started Cannell Capital in 1992 with just $600k, and the fund grew over time to over $1 Billion. Unlike most fund managers, Carlo returned a portion of the assets back to investors, even though it meant less management fees. But that is not what Carlo is known for. Carlo has a superb track record investing in small-cap stocks, which he tends to hold for many years. Besides investing "long," his repertoire includes short-selling and occasional activist campaigns, which he discusses in this interview in detail. Disclaimer: No Investment Advice. The information shared in this episode has no regard to the specific investment objective, financial situation or particular needs of any specific recipient.  The Book Carlo mentioned: A Money Mind at Ninety by Philip Carret: https://amzn.to/3D6uCZK Be the first to support The Accent at Patreon: https://www.patreon.com/theaccentpodcast TIMESTAMPS  01:55 Carlo on Carlo  05:00 Carlo's investment style  13:05 Investment Process  16:00 Favored industries  19:20 Due Diligence  25:50 Investment Activism  28:45 Common Mistakes that Boards and Managements make  33:55 Valuing companies  35:45 Exiting positions  40:35 Shorting stocks  52:05 Sizing of Short Positions  55:40 Role of LPs  01:01:10 Returning half a billion to investors  01:05:35 Investment Management business is unique  01:08:15 Advice for individual investors