Warren Buffett has won the game of investing because he: 1. Doesn’t risk capital that can ever break Berkshire. 2. Let’s the few winners he picks carry him Enduring success relies on the preservation of assets and avoiding self-sabotage.

As retail investors, one of our biggest advantages is buying stocks that are owned or known by zero institutions. Many people fear these small businesses because they can go to zero. But if you want a leg up in finding winners, you're doing yourself a disservice by not following @PaulAndreola. Paul is one of the best investors in microcaps out there. Recently we chatted about his system and I wanted to share some key points I took from the conversation. 1. The discovery process is super powerful. If you want businesses with explosive earnings growth mixed with ridiculously low earnings multiples, you won't find a better pond to fish in. 2. The big upside of stocks that are undiscovered lies in the fact that institutional money hasn't yet bought in. Once they do and the stock becomes discovered, an inflection point is often reached. Significant returns are found during this process. 3. Once you understand how analysts and funds operate with the stocks they cover, you can have some pretty unfair advantages. Stocks that do not require funding from banks garner much less interest than those that do require money to function/grow. These undiscovered gems 4. The share price can be used by investors to draw data on whether or not the discovery process is occurring. Some microcaps can be trading near all-time highs but still have low single-digit earnings multiples. This re-rating is a great signal a stock is being discovered. 5. Canada has some unique differences from the US that have made it a fertile hunting ground. Our document retrieval system is very difficult to use. This friction point makes it much harder to find undiscovered stocks. If you want to learn more about these concepts and much, much more, please check out our conversation here: theinvestorspodcast.com/mill…