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Lessons from a Small-Cap Value Manager

Lessons from a Small-Cap Value Manager

Enterprising Investor · CFA Institute

April 11, 20186m 37s

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Show Notes

In Episode #329, Elizabeth M. Lilly, CFA, founder of a long-only investment firm focused on small-cap and micro-cap equities, explains how her investing style was shaped, in part, by Warren Buffett. She also discusses how she finds investment opportunities, the importance of a strong governance structure in firms, and how she avoids value traps and other pitfalls facing small cap value-oriented fund managers.