Patrick Wolff, full-time private investor, joins to have a general discussion a wide range of topics: his background (former US Chess champion in 1992 and 1995), the right to buy stocks, domestic vs. international focus, indexing vs. single stock investing, battleground stocks, advantages investing in MicroCap stocks and closes with his thesis on Transact Technologies $TACT.

Chapters:

[0:00] Introduction + Episode sponsor: Fundamental Edge

[2:01] Patrick Wolff's background

[7:10] The right to buy stocks

[12:37] Domestic vs. International focus; European markets

[21:04] Indexing vs. single stock investing; tax efficiency; time efficiency

[32:56] Diversification and circle of competence

[37:53] Battleground stocks

[40:19] MicroCap stocks

[47:13] $TACT Transact Technologies thesis

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