For those interested TIP has an interview with IC. I am mixed on Cassel but he does point out some interesting stuff in this interview.

i would highlight the comments around the 50minute mark for those micro investors

.it has always intrigued me that the most inexperienced investors flock into one of the markets hardest sectors, being micros.

having spent several years working at, what was then , the largest micro fund in Australia, i saw those challenges up close

but that makes a market, damn the torpedoes!

https://open.spotify.com/episode/75ZHizRmDa0hxd1MH6KrHT?si=c409010e0aec4c37