Blog news! I want to work for you.

My name is Dave Waters, and I write Since January of 2012, I’ve had the pleasure of writing about many different microcap, unlisted, and/or illiquid companies and assessing the investment potential of each, as well as describing my investment philosophy.

I am in the process of establishing an RIA that will offer separate accounts. If you are interested in learning more, please contact me.

My email address is


11 thoughts on “Blog news! I want to work for you.”

  1. Dave,

    With the amount of care that you have shown in all aspects of your life, I have no doubt that you will be a success! Very proud of you!

  2. You are too good to be working for someone else dude. Just open your own investment fund and start running money for others. That said, hope you get what you want. Please don’t stop sharing your ideas through this blog though.

  3. OTC – congrats and good luck. I’m curious as to how scalable you think your ideas are? Obviously they’ve worked great in your PA. Just wondering if you’ve thought through whether the strategy works on a larger scale — let’s say you have $10mm under management for example.

    1. There are capacity constraints to microcap/illiquid securities strategies. But it will be a very long time before I reach them. Paul Sonkin, for example, ran about $40 million in his Hummingbird Value Fund that focused on microcaps.

      Patience is key. If one is willing to spend several weeks or even months legging into or out of a stock, suddenly a large number of “uninvestable” stocks are perfectly feasible holdings.

  4. Dave,

    you are an excellent analyst. I am sure you will do great whether its a job or hopefully in future your own firm. I wish you all the best. One of the best value blogs I have been reading in 2 years.

  5. “All courses of action are risky, so prudence is not in avoiding danger (it’s impossible), but calculating risk and acting decisively. Make mistakes of ambition and not mistakes of sloth. Develop the strength to do bold things, not the strength to suffer.”- Machiavelli

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