Building the Mine 5 min read
Rule one: don't fool yourself (the backtest is lying)
The best of 200 random strategies made 27% a year in its backtest and 3% afterward. Four ways backtests lie about microcaps, and my defenses.
A small corner of the market.
A full account of the experiment.
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Building the Mine 5 min read
The best of 200 random strategies made 27% a year in its backtest and 3% afterward. Four ways backtests lie about microcaps, and my defenses.
Microcap 101 6 min read
A $1 billion fund would need four years to buy the stocks I'm targeting. That's the whole case for microcaps, plus the three things that make it hard.