# Mark Zaret: 46-Bagger, Multi-Decade Winners, Ongoing Bets, & Buying Illiquidity When Nobody Cares

Page: https://stenobird.com/podcast/mining-stock-education-633206/mark-zaret-46-bagger-multi-decade-winners-ongoing-bets-buying-illiquidity-when-nobody-cares
Text version: https://stenobird.com/podcast/mining-stock-education-633206/mark-zaret-46-bagger-multi-decade-winners-ongoing-bets-buying-illiquidity-when-nobody-cares.md
Podcast: [Mining Stock Education](https://stenobird.com/podcast/mining-stock-education-633206)
Published: 2026-07-20T09:30:14+00:00
Episode link: https://soundcloud.com/miningstockeducation/mark-zaret-46-bagger-multi
Audio file: https://feeds.soundcloud.com/stream/2363544689-miningstockeducation-mark-zaret-46-bagger-multi.mp3
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JSON: https://stenobird.com/v1/public/podcasts/mining-stock-education-633206/episodes/mark-zaret-46-bagger-multi-decade-winners-ongoing-bets-buying-illiquidity-when-nobody-cares
Duration seconds: 1984

## Resource

Pro small-cap investor Mark Zaret reviews five of his stock picks. Four of these stocks he has publicly mentioned on MSE over the past five years. $TNZ.to became a 46-bagger ($1.50 to $70/share), two other multi-decade holds were recently bought out ($AU.v & $FOX.cn). Mark explains why he is still holding the other two stock picks ($FOR.v & $GRD.v). Throughout the interview, Mark shares his approach to small cap speculating which has produced tremendous wealth for himself over the decades. He is very patient and loves buying prospective illiquid small-caps when nobody cares. Mark began investing in the early 1990’s and achieved a significant net worth by focusing on Canadian micro-cap companies, especially junior resource stocks. Success was achieved through a disciplined approach of investing primarily in early life-cycle companies with low market caps, high insider ownership, and executive boards with strong credentials. Mark is currently working at Spartan Fund Management as strategist for small and micro-cap investing. Be inspired and educated by a 30-year mining stock veteran in this interview. 0:00 Introduction 1:52 $TNZ.to 46-bagger 8:30 $GRD.v 10:38 $FOR.v 14:53 Small-cap Patience 16:00 $AU.v 22:15 $FOX.v 24:42 Cash 2nd Largest Position Mark is a strategist for the Spartan Fund: https://spartanfunds.ca/spartan-fund/teraz/ Sign up for our free newsletter and receive interview transcripts, stock profiles and investment ideas: http://eepurl.com/cHxJ39 None of the stock picks Mark mentions are or have been MSE sponsors or owned by Bill Powers at the time this episode was published. Mining Stock Education (MSE) offers informational content based on available data but it does not constitute investment, tax, or legal advice. It may not be appropriate for all situation…

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