# The Enduring Appeal of Smaller Cap Stocks with Vishal Mishra and Michael Demaray of Bard Associates

Page: https://stenobird.com/podcast/compounders-podcast-6864958/the-enduring-appeal-of-smaller-cap-stocks-with-vishal-mishra-and-michael-demaray-of-bard-associates
Text version: https://stenobird.com/podcast/compounders-podcast-6864958/the-enduring-appeal-of-smaller-cap-stocks-with-vishal-mishra-and-michael-demaray-of-bard-associates.md
Podcast: [Compounders Podcast](https://stenobird.com/podcast/compounders-podcast-6864958)
Published: 2025-10-30T12:00:00+00:00
Episode link: https://compounders.podbean.com/e/the-enduring-appeal-of-smaller-cap-stocks-with-vishal-mishra-and-michael-demaray-of-bard-associates/
Audio file: https://mcdn.podbean.com/mf/web/yqa8ahqh54ch4dyw/Bard_Associatesa6i7a.mp3
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JSON: https://stenobird.com/v1/public/podcasts/compounders-podcast-6864958/episodes/the-enduring-appeal-of-smaller-cap-stocks-with-vishal-mishra-and-michael-demaray-of-bard-associates
Duration seconds: 3582

## Resource

My guests on the show are Michael Demaray and Vishal Mishra of Bard Associates, a boutique wealth management firm that has been in business since the 1980s. Michael and Vishal are true value investors who like to look in places other investors neglect. Specifically, Bard invests in a space that is near and dear to my heart: US microcap stocks. In this informative conversation, we discussed: The strategies that Bard runs today for its clients; The firm’s long history of investing in small companies; Why some microcap stock prices are so volatile; The common characteristics of a core Bard holding; and The firm’s approach to interacting with company management. Please see Bard's website for more information: https://www.bardassociatesinc.com/

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## Transcript

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