David Barbato

Looking for big bargains in small stocks
Host at @MicroCapClub

[David Barbato @Valuehunte]

To celebrate 1 month since this @MicroCapClub Club Conversation came out, I'm publishing it here.

In this conversation, @HowardMarksBook shares his insights on investment strategies, the nature of risk, and the impact of market cycles. He discusses the origin of his company, Oak Tree, and elaborates on the concept of risk, emphasizing that it is subjective and tied to the possibility of undesirable outcomes. Marks also explores the upside of bubbles in technology, the implications of Brexit on the UK economy, and the current state of private credit. He provides advice on portfolio structuring, the importance of incentives in organizations, and personal reflections on success and happiness.

Join MicroCapClub and unlock the ability to listen and participate live in these discussions - https://t.co/gD65pI9Ha5

Chapters

00:00 The Origin of Oak Tree Capital
03:19 Understanding Risk
07:23 The Upside of Bubbles
11:29 Market Dynamics and the S&P 500
14:25 Microcap Stocks and Market Cycles
19:23 The Impact of Brexit on the UK Economy
22:50 Risks in Private Credit
25:41 Catching Falling Knives in Investing
31:35 Navigating Financial Crises
34:44 Investment Philosophy and Risk Management
39:03 Asset Allocation Strategies
41:49 Personal Insights and Success Factors
46:01 Quality of Life and Enjoyment
49:50 Building Effective Organizations
54:41 Reflections on Happiness and Legacy

[David Barbato @Valuehunte]

@MicroCapClub just dropped our Club Conversation with @HowardMarksBook, Co-Founder of @Oaktree!

I listened to it 2x already since we recorded this...

📺 https://t.co/3xpaypbvFb
🎧 https://t.co/KzojVRKz8B (or your favourite podcast player)

[David Barbato @Valuehunte]

@tom_grlla @gammatime He does :)

[David Barbato @Valuehunte]

@rodfernn Congrats broo

[David Barbato @Valuehunte]

$TEQ.ST +1

https://t.co/5iWFbB0A2M

[David Barbato @Valuehunte]

Just dropped! @MicroCapClub Business Breakdown: @ChapTwelveCap, private investor, and I sit down CareRx Corporation’s $CRRX.TO President and CEO, Puneet Khanna, and Suzanne Brand, CPA, CA, CFO.

CareRx delivers prescriptions to long-term care and retirement homes across five provinces, with provincial governments as the primary payer, and 92,000 residents currently under contract.

This discussion took place live on May 19th, 2026, on the MicroCapClub Community. Join MicroCapClub and unlock the ability to listen and participate live in these discussions - https://t.co/QAg7SbTHh5

In this Business Breakdown, Puneet and Suzanne cover the hub-and-spoke automation model CareRx is piloting, centralizing high-volume robotic filling to expand capacity without replicating expensive robotics at every location, the Ontario capitation fee situation and what the removal of step-down language means for the company's revenue floor, why bed count has been flat for four years and when they expect growth to resume, and how they're approaching M&A after doing prior deals at two to six times EBITDA.

✉️ Share your feedback - [email protected]
✉️ David’s X (Twitter) - https://t.co/cUGSwW2aHi

Chapters

00:00 Introduction to CareRx and Leadership Backgrounds
04:31 Understanding CareRx's Unique Business Model
07:15 Market Dynamics and Growth Opportunities
10:35 Operational Excellence and Technology Integration
13:27 Financial Performance and Capital Priorities
16:37 The CareRx Advantage and Competitive Landscape
19:58 Technology's Role in Scaling Operations
22:50 Hub and Spoke Model Implementation
25:41 Challenges in Bed Count and Market Growth
28:36 Future Outlook and Strategic Growth Plans
37:48 Regional Competition and Market Dynamics
40:39 Margin Outlook and Future Strategies
43:56 M&A Opportunities and Strategic Growth
46:34 Government Relations and Funding Outlook
51:49 Valuation and Integration in M&A
56:46 Internal Priorities and Misunderstandings
01:00:30 Future Growth and Internationalization Opportunities

[David Barbato @Valuehunte]

@Tobias222225 Wb crypto?

[David Barbato @Valuehunte]

It's kind of nuts that capital gains on stocks are taxed at 28% in Portugal, with some incentives if you hold longer but no less than 20%, and crypto doesn't get taxed at all if you hold for more than 1 year...

[David Barbato @Valuehunte]

FTD

Overconfidence, getting distracted with dumb things

[David Barbato @Valuehunte]

FTD 29/10
Not applying Warren's advice of praising by name and criticising by category

[David Barbato @Valuehunte]

@r2d2Devotee @elonmusk Please tell me when was the last time Real Madrid fans or Manchester City fans did something like this... that's a non argument

[Mikro Kap David @david_katunaric]

$OTCM Coulson on the fallacy of "one-time" expenses:

[David Barbato @Valuehunte]

@david_katunaric Please win!

[David Barbato @Valuehunte]

Boom! Best Small-Cap/Micro-Cap event out there :)

[Planet MicroCap @PlanetMicroCap]

🔥We are now at 2,900+ meeting requests for Vegas.

REGISTER: https://t.co/hkf29ayspb

Here are the top most requested: $PDEX $MPTI $AMNF $KOPN $MAMA $PLBY $SNWV $WATT $NURS.V $GRID.TO $ACNT $FTK $IDN $LIB.V $UMAC $ACFN $AUUA.V $ASYS $BOF $CREX

[David Barbato @Valuehunte]

@Canadada5 @NestBetter @MicroCapClub Is this for me or @NestBetter ?

[David Barbato @Valuehunte]

What companies should we talk to next at the @MicroCapClub's Business Breakdown podcast?

[David Barbato @Valuehunte]

@rssndv1 @wolfofharcourt Lul

[David Barbato @Valuehunte]

Revolut is killing it in Europe, wished it were public :)

[Revolut @Revolut]

18% of Greece’s population now banks with us.

(That’s 2 million people btw)

[David Barbato @Valuehunte]

$MIAX next?

[unusual_whales @unusual_whales]

BREAKING: CBOE has received SEC approval to launch extended trading hours for options.

[MicroCapClub @MicroCapClub]

Charlie Munger is quoted, “The first $100,000 is a bitch”. Warren Buffett made his first $100,000 in the early 1950’s when he was still an individual investor, compounding his capital 50% annually over several years. $100,000 in 1950 is equivalent to about $1 million today. So perhaps Munger’s 2015 version would be, “The first $1 million is a bitch”.

https://t.co/N0ExrOx4MS

[David Barbato @Valuehunte]

In this @MicroCapClub Business Breakdown, Jamil Tahir, CIO of TurnMark Capital, and I sit down with @1stDibs's $DIBS Chairman/CEO, David Rosenblatt.

This discussion took place live on May 11th, 2026, on the MicroCapClub Community. Join MicroCapClub and unlock the ability to listen and participate live in these discussions - https://t.co/QAg7SbTHh5

David Rosenblatt is CEO and Chairman of 1stDibs, the curated online marketplace for one-of-a-kind design objects across vintage and antique furniture, jewelry, art, and fashion. He joined the company in 2011 after running DoubleClick, which he sold to Google, and previously served on the boards of Twitter and IAC. He took 1stDibs public on the NASDAQ in 2021.

In this Business Breakdown, David walks through the cost restructuring that delivered two straight quarters of adjusted EBITDA positivity, why he rebalanced spend from paid marketing into product and engineering, and how AI is reshaping the buyer experience across search, pricing, and shipping. He also discusses 1stDibs' roughly $40 million buyback history, M&A discipline, and the live-event sponsorship business he's building in advertising.

✉️ Share your feedback - [email protected]
✉️ David’s X (Twitter) - https://t.co/cUGSwW2aHi

Chapters

Introduction and Guest Background
Founding and Evolution of 1stDibs
1stDibs' Impact in the Design Industry
Growth Strategies and Market Expansion
Public Listing and Market Challenges
Market Opportunity and Industry Adoption
Business Model and Revenue Streams
Seller and Buyer Dynamics
Customer Valuations and High-Value Transactions
Advertising and Monetization Strategies
Key Company Metrics and Financials
Product Categories and Market Focus
Future Growth and Market Potential
AI Integration and Product Roadmap
Operational Improvements and Cost Management
Influencer and Social Media Strategies
Competitive Landscape and Acquisition Opportunities
Long-term Market Outlook and Aspirations
Customer Acquisition and Marketing Efficiency
Experimentation and Innovation in Pricing
Advertising and Sponsorship Opportunities
Marketing Channels and Customer Engagement
Revenue Growth and Take Rate Dynamics
Closing Remarks and Future Outlook

[David Barbato @Valuehunte]

FTD

Wasn't very focused on some study sessions.