Just reading through the blog trying to find some more details on DCF and stumbled across this quote. This links back to the article written about why you might be underperforming the market. CEO Tim O'Reilly is quoted as saying: 

“Being too early is indistinguishable from being wrong.” Give your investments time to grow, your thesis time to play out and yourself time to enjoy other things in life than day-to-day stock market movements. 

Wise words that are needed when investing in this end of town. Thanks for the great article. 

Interesting article about Mid to Small Cap investing, from ShareCafe this morning. 

Full article:

https://www.sharecafe.com.au/2021/09/23/the-benefits-of-global-mid-and-small-cap-investing/

Extract:

The mid-cap universe is home to many potential multi-baggers. The segment is under-researched compared to their large-cap brethren. Fewer investors researching these names increases the likelihood of high-quality business flying under the radar, allowing for mispriced opportunities. Investors also tend to miss the forest for the trees, not realising that there are well-established businesses with strong track records alongside the more obvious listings of newer companies and business models.

Many of these businesses are also founder-led. This increases the likelihood that management teams are innovative, agile, and their interests are strongly aligned with outside shareholders. In our experience, the best ideas or ‘future leaders’ in the global mid and small-cap universe are typically business models that are either structural winners, technology disruptors, innovators, category killers and/or brand leaders. Sometimes these businesses are unique niche operators or specialists, who dominate their field. At other times they are part of a large global theme. Sectors such as technology, healthcare, globally focused consumer, and industrials have more recently been home to such business models.