Updates

  1. Person pages list letters, writing, profiles and links as sortable tables with filters, and show each person's companies as links; Fund letters show each letter's description in its own column.
  2. Experts show a checked job title and a short description of each person; 30 more people have photographs.
  3. Every company, fund, university and publication the experts work for has a page listing the people there.
  4. Fund letters show each letter's thesis and filter by it; 225 person pages list the essays, columns and newsletter issues the person wrote.
  5. Person pages list every essay and newsletter issue a person wrote, and their own books as a table in List view.
  6. Recommends shows the five largest kinds of book and the rest under More; browse pictures load sooner.
  7. Podcasts and talks link the original episode, filter by Audio and video or Press, and list each publisher once.
  8. Pages are wider, Recommends has List and Grid, and a filter clicked again turns off.
  9. Book cards sit in a ruled grid with Open Library and Goodreads links and each book's one-line note.
  10. Funds is now Investors; each investor's styles are buttons that filter the table.
  11. Podcasts and talks on a person's page filter by year and publisher and show as a list or a grid of pictures.
  12. Quotes show only people's own words: 472 summaries written by list sites are gone.
  13. Country pages open from Browse again, and every link on the shelf lands on a page.
  14. Subject and person pages show their sections as tabs, and each book appears once on a person's page.
  15. Book cards show the quote, who said it and the source; grids show five cards to a row.
  16. On a phone, a menu holds the sections, search, Updates, Feedback and dark mode.
  17. Feedback takes a screenshot of the page with no browser prompt, opens a screenshot full size when you click it, and clears itself once sent.
  18. Book cards are centred, search names the topic each book sits in, and any text cut short shows whole on hover.
  19. Search groups its results by kind: people, companies, geographies, subjects, topics, books, funds, fund letters and papers.
  20. The Books table lists who recommended each book by name, and the browser tab names the section you are in.
  21. Feedback can take a screenshot of the page, or one you paste or choose, and opens in the corner beside Updates.
  22. Each rail button reopens its section where you left it, and Browse, Table and People show on every book and subject page.
  23. Filters grey out choices that hold nothing instead of hiding them, and Books › People filters by authors or recommenders.
  24. Feedback takes a subject line and up to three screenshots.
  25. Biographies are grouped by the person they are about: 41 new pages, from Abraham Lincoln to Lee Kuan Yew.
  26. Sport splits into 23 sports, and Religion into one topic per faith.
  27. Book lists show as cards: the cover, one recommendation quote and every recommender by name.
  28. Seventeen subjects that had two or three pages under different names now have one page each.
  29. Every page lists its Experts as authors and recommenders, with a link to them on the Experts tab.
  30. Economics, Financial history, Financial panics and Accounting are subjects of their own, with one page per financial crisis.
  31. Book, person and subject pages open inside the app, so the tabs stay in view.
  32. 996 more book covers, and photographs or logos for 227 more people and companies.
  33. Books › Browse shows every subject as cards, and the rail holds Fund letters, Papers, Experts, Books and Funds.
  34. Every topic over 150 books splits into narrower topics, each with a page of its own.

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Micro Cap and Nano Cap Investing

Investment styles

The smallest listed companies, often unfollowed and illiquid. Almost no serious book literature exists; the useful material is blogs, forums and a handful of practitioner newsletters.

Books 6Experts 1Recommenders 1

Start here

  1. Free CapitalGuy Thomas, 2011
  2. 100 BaggersChristopher W. Mayer, 2015
  3. The Small-Cap AdvantageBrian T. Bares, 2011
Free CapitalFree Capital
T3 Free Capital
Guy Thomas · 2011
Open LibraryGoodreads

Twelve UK private investors, most of them working in small and micro caps.

The Small-Cap Advantage
T3 The Small-Cap Advantage
Brian T. Bares · 2011
Open LibraryGoodreads

A small-cap manager on capacity limits and why size is an edge.

100 Baggers100 Baggers
T3 100 Baggers
Christopher W. Mayer · 2015
Open LibraryGoodreads

Subtitled Stocks That Return 100-to-1 and How to Find Them; expanded edition 2025.

Recommended by: Mohnish Pabrai

Walker's Manual of Unlisted StocksWalker's Manual of Unlisted Stocks
T4 Walker's Manual of Unlisted Stocks
Harry Eisenberg · 1999
Open LibraryGoodreads

Recommended by: Mohnish Pabrai

The Micro Cap InvestorThe Micro Cap Investor
T4 The Micro Cap Investor
Richard Imperiale · 2005
Open LibraryGoodreads

One of the few book-length treatments of the segment.

The Bank Investor's HandbookThe Bank Investor's Handbook
T4 The Bank Investor's Handbook
Nathan Tobik, Kenneth J. Yellen · 2017
Open LibraryGoodreads

How to analyse and invest in small community banks that institutions ignore.

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