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REIA 154 Mariusz Skonieczny:  Investing Where You Have No Competition

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Mariusz Skonieczny is the founder of Classic Value Investors and MicroCap Explosions and creator of Value Investing University. He is also the author of 11 books on the subject of investing. MicroCap Explosions is a private membership website where Mariusz shares his investment ideas with the members. Mariusz is a professional investor meaning that he makes most of his money from investing his own money. 

 Main Points:

  • When everybody knows about an investment opportunity, it might not be a good one
  • When you invest in opportunities where there is no competition, the probability of mispricing is huge

Connect with Mariusz:

Biography of Alex Olson:

Mariusz Skonieczny graduated from Indiana University in 2003 with a finance degree. From 2003 to 2008 he was in the commercial real estate industry as an appraiser and broker. During the 2008/2009 financial crisis, he left the industry to start Classic Value Investors.

In 2009, he started with $10,000. In 2019, his account reached $1.1 million. Coronavirus knocked it down to $500,000. So, from 2009 to 2019, his investment return was about 100x. By March of 2021, his account reached $4 million so that makes it 400x. He doesn’t really know how this compares to the Dow or S&P because he doesn’t look at them. By not comparing himself to the indexes helps him stay focused on his own investments.