Free Guide

The Asset Class
Wall Street Ignores

A data-backed guide to the market segment where individual investors have a structural edge over every fund on Wall Street.

$1 invested in 1926
Micro-caps $33,000
Large-caps $6,000

Source: Dimensional Fund Advisors, CRSP data 1926-2023

Syllabus

What’s Inside the Guide

  1. I.
    Institutional Constraints Why funds can’t participate in micro-caps
  2. II.
    Historical Performance 3.69% annual alpha, a century of data
  3. III.
    The Coverage Gap 45% of micro-caps have zero analyst coverage
  4. IV.
    Your Five Structural Advantages What you can do that they can’t
  5. V.
    Risk Framework Managing the real risks of micro-cap investing
  6. VI.
    Implementation A practical approach to getting started

“The size effect in common stocks is evidence that the capital market is not fully efficient. The anomaly is robust to different statistical methodologies and different time periods.”

Rolf Banz, Journal of Financial Economics, 1981

The foundational study on the micro-cap premium

Dom Wells
Your Instructor

Dom Wells

CEO of Onfolio Holdings (Nasdaq: ONFO), a publicly traded holding company that acquires and operates online businesses. Over a dozen acquisitions at 3-4x earnings multiples. He wrote this guide because he operates in the space Wall Street overlooks.

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27 pages of data, frameworks, and a practical approach to micro-cap investing.

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This guide is for educational purposes only and does not constitute investment advice or a solicitation to buy or sell any security. Past performance does not guarantee future results. Micro-cap stocks involve significant risk, including illiquidity and loss of principal. Always do your own research. Dom Wells is the CEO of Onfolio Holdings, Inc. (Nasdaq: ONFO). For Onfolio’s SEC filings, visit EDGAR.