Bringing Long-Term Value Investing to Spanish-Speaking Communities with Kayser Pravia
Summary
Investment Philosophy: Kayser Pravia transitioned from day trading to a value investing approach inspired by Warren Buffett and Peter Lynch, focusing on recession-proof businesses with strong balance sheets.
Portfolio Strategy: Pravia runs a concentrated portfolio, emphasizing companies with net cash and potential for significant growth, aiming to outperform the S&P 500.
Market Focus: While Pravia primarily invests in U.S. stocks, he also explores opportunities in European and Canadian markets, avoiding Latin American stocks due to currency fluctuations.
Community Engagement: Through his platform, El Planeta Financier, Pravia seeks to expand financial literacy and micro-cap investing knowledge among Spanish-speaking communities worldwide.
Educational Impact: Pravia's YouTube channel has grown to over 60K subscribers, offering content focused on long-term investing principles and financial education in Spanish.
Networking and Events: Pravia actively participates in investment conferences, such as the Planet MicroCap Showcase, to connect with other investors and management teams, enhancing his investment research process.
Key Takeaway: Pravia emphasizes the importance of thorough research and due diligence, advocating for low-risk, high-reward investments in undervalued companies with strong fundamentals.
Transcript
This podcast is forformational purposes only and is not an offer or solicitation of an offer to buy or sell securities. SNN network, SNN Inc. and the Plano Microcap podcast and the representatives are not licensed brokers, broker dealers, market makers, investment bankers, investment adviserss, analysts, or underwriters. We do not recommend any companies discussed. We may buy and sell securities in any company mentioned and make profit in the event those securities rise in value. We recommend you consult with a professional investment advisor, broker, or legal counsel before purchasing or selling any securities referenced in this podcast. Welcome to the Planet Microap podcast. I'm your host, Robert Craft. Thank you all so much for the continued support and for tuning in. If you like what you hear on the Planet Microcap podcast, please take a moment to rate us five stars on Spotify or Apple Podcast. Really helps more folks discover the show and join the Micro Cap investing community. Registration is now open for the Planet of Micro Cap Showcase Toronto in partnership with Micro Cap Club happening October 21 through 23, 2025 at the Arcadian Loft in downtown Toronto. Whether you're a seasoned investor or just getting started, you'll want to be there. Visit planetmicrocapshowcase.com to register. See you in Toronto. Now, my guest on the show today is Kaiser Pia. He's the founder of El Planeta Financerio. In this episode, Kaiser shares his mission to expand financial literacy and micro cap investing for Spanishspeaking investors worldwide. We discuss his evolution from day trading losses to a Buffett and Lynch inspired value investor, why he runs a concentrated portfolio, and his focus on recession proof businesses with strong balance sheets. Kaiser also talks about building El Planeta Financier into a growing educational platform and investing community for Spanish speakers. And for full disclosure, we do mention a couple names here on the uh podcast today. I am not a shareholder in any of them. Thank you again for tuning into the Planet Micro Cap podcast and please enjoy my conversation with Kaiser Praia. Kaiser, thank you so much for joining me today. How you doing, man? Wie, thanks for having me. We met in Vegas a couple of months ago. Uh we were talking about this podcast. Listen, man. You're my you're my El Primo, you know. Look, we run Planet Micro Cap at El Planet Planeta Finance Sierra. When I first saw you come in as a registrant, I'm like, are we related? I don't know. You know, are we are we like corporately related? I don't you know, all all jokes aside, but I mean, look, when when I met you in person, everything I mean, it was Kismmet and it's just listen, you have such an amazing story and I love everything that you guys are doing and I wanted to share that with our wider community, you know, with your focus on financial literacy for Spanish speaking communities. you know, you happen to, you know, you happen to land at my at the micro cap conference of all of all places. So, there's a lot to cover, but but first, Kaiser, you know, love to get just better understand how you got your start, where your passion for investing began, and then how you landed in founding El Paneta Financier as well as micro caps, the whole bit. So, start us off from the your the humble beginnings. Yeah. So, this is a great story. I actually studied in in Kansas in the US and I went there because I had a full ride and I used to play soccer and I had very good grades in school. So I went to Kansas to study but there I realized that I wasn't going to be the next Cristiano Ronaldo or Messi or Neymar. So I quit and I came back to Panama. I I didn't finish school in the US and one thing that really was in my head that was I was in a psychology class and the teacher asked everyone who's investing in Apple stocks. Everyone had the had the hand in the in the sky, right? Everyone was really like excited about Apple stocks and this is not a recommendation uh of of buy, right? So I was the only one in the in the classroom that wasn't investing at all. So when I came back to Panama, I start to research and this is like social pressure, right? Because if you are 17 and everyone is doing something, you feel weird if you're not doing it. So when I came back home, I realized and I met Warren Buffett, uh, Peter Lynch, and I saw that you can actually make some money in the stock market and started to research. Oh, well, let me clarify. Did you meet them or you just you found their books real quick? I I found their books. Yeah. Yeah. I mean, I actually went to Omaha in 2023 and didn't met Buffet, but saw him really really close and Yeah. So I when the COVID hit in 2020, I already had like two years investing and everyone was like without a job and looking for another uh source of income, right? And that's where I started my YouTube channel, but I actually started in English. But that was not sustainable to me because as you're seeing my English is not perfect, right? So I switched to Spanish, but I I started in English because I was really shy. I was ashamed of what I was doing and and and sharing. I Everyone here in Panama, you speak in the street about the stock market and they will think you're a you're crazy. They'll think you're losing your money. They they think you're betting and they don't want to hear you still in 2025. And yeah, that's that's how I started. Went to the US, learned there, and starting to share my story here in Panama. And eventually it grow up to a YouTube channel that already has over 60K subscribers. That's awesome. So, I mean, so what finally gave you, you know, you said you, you know, you're nervous getting started and you wanted to do it in English first. you know, what was the main impetus for you that you're like, you know what, I'm going to speak in my native tongue. Was it that you recognize like, wow, I feel like I'm one of one here in Panama, the only one really looking at the stock market and investing and you know, I I was there a feeling of like, I want to do something for our community here so that they really are like, all right, we need a some kind of source. Um, there's plenty in English, why not do something in Spanish? Was that kind of your thought process? Not really. I start sharing uh this knowledge right because I feel something really inside of me that I have to share something that is good and I think it's good for for the others. I don't I don't care if one people is watching this podcast or 100 I have to share it. I need to share it. I can I can hold it when I when I found a new stock I can hold it. And that was my train of thought. Um eventually this is my main source of income right now. I I monetize um my YouTube channel, I do sponsors etc etc etc and I invest my own money of course but I never saw that opportunity of I will start sharing this because no one else is doing it. Uh so so it really came from just like a you know what it's look English is my second language. It's it's easier for me to do this in Spanish. So, you know what? I'm just going to do it in Spanish. And if it hits, it hits. If not, like at the very least, you're kind of similar to a lot of other guests that I've had on here. It's like I'm just getting my ideas out there and just try and hopefully maybe get some feedback and see if there's anything I can do better. It sounds like that was more of the track and then it just I was like, "All right, well, this is awesome." Like, I'm, you know, Yeah. helping a lot of my compatriots who also don't, you know, English second language or don't speak English and giving them some good financial literacy content. Yeah. In Spanish. Yeah, it's and it's now my my work my work is sharing about the stock market here in in Panama in the Latin American community. So, okay. So, let I'm going to take another step back to take a couple steps forward. So, okay. So, you're you know, you're in the psychology class. Everyone's raising their hand saying they own Apple stock. You're the only one that doesn't. You're thinking to yourself like, "Okay, what am I missing?" What what were some of your first steps to be to finding say reading a you know Peter Lynch book or a Warren Buffett book because there's so many different directions anybody could go like you know listen I want to get in the wild world of investors there's so many different rabbit holes you could go down where you could start reading you know books that traders have written or this you know what was it that you're like all right I'm going to read the you know Peter Lynch book or like for instance just you know sorry not to ramble here but like I wouldn't have even known about reading a Peter Lynch book unless you when I was originally going to go and be a stock broker potentially on Wall Street. So I was like, you should read a Peter Lynch book. Like I would have had no idea that I should have gone and picked up one up on Wall Street. So I'm curious to you know what was what was it for you? Yeah, it actually I started doing day trading, right? And that was because if you go to the internet and you search um how to invest the first the first thing you see is short-term trading, right? 100% very very leverage trading and I started in that way and I was losing my money. I used to work in the humanitarian industry and I was investing 20 30% of my salary and I was losing that money doing day trading and one day I spoke to my mom and I told her mom I have a friend who loves alcohol. I have another friend who loves the casino and I feel like my my bad thing my my I don't know how to say it in in in English but the the place that I will lose money for me is the stock market that that was my not good uh area of life right and my mom told me no please search who is the most successful investor of the stock market. My my mom didn't know about Buffett, right? But I found uh the documentary of Warren and the algorithm uh told me to the intelligent investor and then to Peter Lynch and the internet made the made the magic. Man, that is your mom just gave you the greatest advice you probably will ever get in your life right there. Like look up who the best investor is and then go from there. That's not to say there aren't great traders out there, no doubt. You know, but it also is very personality dependent where I totally get what you're saying. Like I couldn't do the day trading thing. Like I would lose my mind, you know. Whether I lose money or not, I don't know, but I would definitely lose my mind. That's that is that is I mean I I tried but went well. At least you shot. At least you give it a shot, right? You know, and and it didn't scare you off, right? Like that's probably the best part is that it didn't scare you off from investing totally. It was just kind of like all right, you know, I mean that was fun for I was I was so young that I felt like I didn't want to go in the normal train of life like get the job, get the house, get the kids and just that I I felt like I had to do something different and I thought day training was that I tried that wasn't but that got me to to Buffett. Very cool. So okay, so you start reading Buffy, you start reading Peter Lynch. So how does your strategy then evolve as you're starting to consume all these various books on, you know, value investing, long-term investing? Love to hear your thoughts. That's that's a good good question. So I started investing in in huge caps. My first stock was Twitter. It's not in the stock market anymore. I got Visa. I got, you know, the the big names, right? And eventually I I saw this quote from from Buffett that said that in his in his first years he could make 50% of his money. You know this quote because he was investing peanuts a couple of millions and I said why why is he telling that if I mean if the stock market in average grows the 10% per year how he can make 50%. And I got into uh pure lynch uh one was trade book and I saw the the multibaggers um explanation right and that got me into small caps how I do invest in companies that can multiply 5x 10x 20x and eventually I I got into Ian Castle and then the Micro Cap Club and I that this was in 2021. I was uh investing since 2018, but in 2021 I switched all my companies from big caps to small caps. And the S&P that year beat me and I felt like I was doing the wrong thing. like why I'm changing from big caps to small caps if the S&P 500 and the big caps are gaining more than the small caps but um I was in the transition of course right and I was learning about small caps it was another word and that's where I got the book where Ian Castle has the forward uh free capital you know this book I actually think it's in the back and he he signed he signed me the book back in Vegas in in April. And I I I understood that the small cap word, the micro cap word is a whole different world and you can find opportunities for the short term, for the midterm, for the long term. You can find uh companies that they don't care about the macroeconomics, they don't care about politics. And that's when I switch 100% uh my mentality and when I discover you guys uh from the micro cap club, the planner micro cap of course and the all events you guys do and I had the opportunity to to met you guys in in person this year. Again, another great uh timing to like test your metal because, you know, getting into small micro caps in 2021, you know, there was a little bit of an upswing, then 22 was just it just so I'm sure even, you know, the fact that you again stuck with it and wanted to find out more and really understand, you know, what's going on here despite, you know, micro captures taking an absolute dive, you know, from the beginning of 22 like kind of early on in your experience like that. That's kudos to you. you know that I publish my results every year in my YouTube channel and since 2020. So I have five years of results published and in 2021 everyone in the comments were telling me why are you changing to small caps? You're not beating the S&P 500. That was the first year. Second year I lost more of course than the S&P. My portfolio was down like 30%. Because volatility, right? And people in the comments were, "Second year in a row. You're not good." And I I felt the pressure. Like, who are you to be giving us financial literacy advice? You're get you're getting smoked here. Yeah. No, I get it. I I was really under pressure. And I mean, my my replies was like I mean, this is my money. I can do whatever I want with my money. Yeah. And now I feel really happy of being invested in the micro small world because there's plenty of opportunities here. It's so much fun. I love it. Um I mean it's it's different, right? 100%. So love to hear what you know what a perfect setup or an ideal investment looks like for you based on you know again you've only been doing this since 2020 but hey you've been diving head first and really getting after as much as possible. So love to hear what that ideal setup looks like for you right now. Setup in in which sense? Like your key criteria for you know this isn't you know company that you know I'm these are the types of companies I'm looking for. Yeah. I'm looking for companies that the core business is um antiis. It's it's it's good. Anti say that one more time. It's um Oh anti crisis. Yeah. I got you. Okay. Okay. Yeah. Yeah. there. It's a recession proof. Recession proof. Yeah, there you go. I got you. I look for recession recession proof companies like uh in the industries of food, um services, maintenance, uh health and that are in good um I like companies that have uh net cash. Why? because I feel like the risk is very uh mitigated if you have net cash in your in your balance sheet if your core business is recession proof and from then I look for growth of course I want to beat the S&P 500 I know we small cap investor micro cap investors uh our benchmark it's different but me as an investor I benchmark myself with the S&P and I look for that good management, growth, recession proof uh business models, um a good and healthy balance sheet. Very good. And so then from there, let's you know, let's say you see a couple stocks come across your screen, you know, what is your research process like? And I asked this because, you know, I I would assume that a lot of times, you know, listen, they're probably getting an email from El Planeta Financier out of Panama like, "Who the heck is this that's reaching out out of nowhere that is interested in my so, you know, obviously management is very important. You know, I know from, you know, your YouTube channel also talking to you in person. I mean, you wouldn't have been at our event if you weren't there to also meet with management teams and, you know, ask some additional questions. So clearly that's part of your process and strategy, but I'm just curious to your experience in doing your follow-up due diligence, what that's been like. What have those conversations kind of been like? You know, I'm sure some of them have been quite funny once they were like, "Wait, who are you again? What's going what do you do?" I, you know, I have Peter Lynch here in my back because he he taught me something. You can find these kind of businesses that can be in early stages and they only have to uh expand their business through the United States or in the world. And for example, he invested in Dunkin Donuts in his first years. Uh Taco Bell, Hilton, he's a good business, well managed and they only had to reply in other states and they grow 10x, 20x, 30x, right? So that's the investment philosophy that I follow and I had a very successful case in my YouTube channel. It's Sprouts Farmers Market, the organic supertore. Um they it's full Peter Lynch philosophy. It's a good business that it's only in that moment that it was only in the 20% of the states. It's now in the uh 59% and it was really undervalued in that time. We made the the investment thesis in YouTube channel in my YouTube channel. It's like one hour of only speaking about the company and they only had to to keep delivering right every quarter. we were following that and to and to answer your question my follow-up process is I mean every company is different right every company has their own story so every quarter I am with the company that I am investing I am in the earnings call and I like to follow of course it depends on on the company but I like to follow that the management had this strategy and they are achieving the strategy to keep talking about sprouts. If they want to open or they their goal was to open 10% of more stores every year, I'm following that, right? I don't need the the CEO to be fully invested in the company. I need him to deliver to our to us to us the shareholders, right? So yeah, um again this is not a recommendation of buying any stock. Nice work on the on the due diligence side. Our compliance is uh is already a huge fan of you. Um are you also do you still hold it or no? No, I don't have uh the company anymore. Got it. Okay. So love to hear an experience where you know you kind of maybe it's your first one or you know a recent one and you can name the name of the company or not. It's up to you. But love to hear, you know, a sample where you're like, "All right, getting after it, developing my philosophy, developing my strategy, want to deploy it, you know, I found a couple companies that I think are really interesting, you know, from first, you know, whe from your first steps in the process to maybe they're making it a full position or not." You know, I'd love to hear an example of your process in in action. Yeah, of course. Uh, we can speak about Mama's Creations. Um, that was the company I was interesting in to go to Vegas that you guys had and I met the CEO, I after I had it in my YouTube channel and I recently I don't know if you know but I recently went to the headquarters in New Jersey. So, it was really fun, right? But I was already investing before meeting the CEO, before going to the headquarters and I actually when I spoke with him and with the board, I I was not asking them about technicalities and the company because they already said that in every call in every uh presentation. So the whole process was this um I was a screening back then in 2021. I found this company that has that had net cash that was in a recession proof business and that was growing but they had a real risk. What the 60% of the revenues back then they depended only in one client and I didn't feel well with that. I didn't like that. So I did not invest but I had the company in my radar of right. So years keep keep going and they uh the the share was rocketing. Um they went from $2 to three then to four then to five and I was watching from from the outside but I had I didn't had um formal fear of missing out because I made my decision that I didn't want to take that risk. But in 2024, I saw the report. I saw that they had more clients. They had more products. So, they were more diversified than 2021. And they changed their board. Their old old CEO and founder was really um old. He was like tired and he said that in the in the interviews and he was exiting out. So now that I saw this, I re uh re redid my study, my analysis of the company. The the strategy was um to expand like I saw like I said uh before they were expanding in products um in other states of the US. So I invested in the company right at a good price. Of course I was uh waiting for the good price. I used to um to value companies by multiples. And in this case, now that I invest in the company, the strategy specifically of the company is that they um want to grow to 1 billion of revenue to 2030. How they're going to do that? Acquiring other companies and by organic growth. So what am I doing every quarter? I'm following their pipeline of acquisitions. I'm following their margins. I'm following their organic growth. I'm following their investments in marketing and following their deals with the clients. I'm following their products. So I feel like you have to be with them. When you invest in a company, you have to follow and basically be there um and watch if they're going to achieve what they they want to achieve. Right now, they're sell like um under 200 million. And of course, you're asking how how how are they going to get to 1 billion in 2030 in six years? But to know that you have to follow the company and be with them every quarter. Absolutely. No, that that's a that's a great story. So I mean how concentrated or diversified are you? I mean you know obviously when I met you you know you were talking about mama and all that you know but I mean how how many stocks do you currently have in your portfolio? What's the average you know how do you Yeah. What's your what's your thoughts on that? I'm very concentrated and this year specifically after I met you guys in Vegas and all the other investors that that was really valuable to me. Um for example, Ian told me on my hear that once he had like 40% just in one name and I was in my mind like this guy is crazy. This these guys will have like millions, right? So 40% of their portfolios will be like couple of millions. I don't know. And me that I don't have the millions. Of course, I was like if if he has 40% is because he's very uh convinced, right, of their of his position. And I saw my portfolio. I did this table after I went to Vegas. I did this table of every name I had and write what I was expecting in numbers for the invested for the every stock I had and I realized that I could be more concentrated in my best names. So right now I am very concentrated investor in my in my eyes. I have like seven names. I have seven names and my top position has 35% of the portfolio. My next position has 20%. So this year specifically, I have been more concentrated in my best ideas and I have been uh more fearless. Very cool. Ah that's that's that's very cool. You know, another question I had for you, you know, and we were talking about this ahead of time when I was, you know, you know, before I press record, I always ask, you know, what are some ideas or topics maybe that, um, you know, you'd want to cover? And I thought this was a phenomenal question that you posed that, you know, I want to ask you here, uh, you know, as you were, you know, making the turn going into small micro caps in 20, what was it, 2020, 2021, you know, and you're getting everybody getting the the hate? Yeah. in the comments, you know, I mean, how did that also then translate or what what is the perception would you say amongst, you know, either the Panameanian community, you know, your own, you know, close-knit community and or just in the Latino community in general when it comes to small micro cap, you know, how is it perceived? Oof. Uh if the stock market is uh if it has a bad perception, small caps and micro caps has a worse perception. People um relate small to more risk. But what they don't understand is that small for us or or micro for us are companies that are selling millions. The biggest bank here in Panama is not even close to a small cap that is in the stock market in the US. So I always tell people if you have all your money in this bank, it doesn't mean you have less risk if you invest in this company. The risk is in the knowledge you have of your investment. Right? So um there are very very few uh Latin American Spanish speakers that are investing in small caps and talking about them even less. Right? So I I want to keep sharing I mean in my courses and my classes that I made every month here in Panama. Uh I try to to raise the voice about small caps and I told you uh before we start the the interview that next year in in the planet micro cap event we will uh be with a couple of Latin American investors and we want to to spread the the voice about uh this um magnificent word. Listen, we just it's going to be the power of compounding. You know, last year it was it was you and then next year will be two. the year after that will be four, you know, we'll just keep going along in a in in that sense. But I mean look I mean it it's kind of a it's the question almost answers itself in a lot of ways cuz even in the US I mean I you know I talk amongst my own crew. I mean it's maybe one out of every five has heard of you know a small cap or a micro cap or understands that there you know there's something beyond just the magnificent seven or whatever in you know large caps in in the stock market. Um, so you know, it's it's a very it's and then even if they know about it, they're like, "Yeah, but I wouldn't touch any of that stuff with a 10-ft pole." Because quite frankly, they also then are like, "Wow, I you're telling me that it's a lot of work to actually like do well in this stuff or, you know, why don't I just, you know, I'd rather just be a day trader where it's easier to learn about pattern recognition and candles and all that than it is to like do deeper dive due diligence." I have a different opinion on that, but you know, that that's some of the feedback you get. So it almost I mean it makes sense that whether there's I'm I'm was more surprised that there is even a perception at all you know just cuz even up here it's you know it's we're a very niche community. Yeah. Yeah. That's true. I mean if people is willing to invest some time in stocks I think they have to invest it in small caps and micro caps. No doubt. No doubt about it. you know, it depends on what kind of, you know, portfolio or how you want to do it so that you, you know, you get your tax advantages and whatnot. But yeah, no, I mean, if you're serious about investing, like, you know, long-term investor versus kind of day trading and stuff, you know, you're you you'd be silly not to at least give it a whirl and and look deeper and, you know, consume content. If you happen to be a Spanish speaker, you consume Kaisers. If you're not, you know, you come on, play a mic. But I mean in in your experience thus far, you know, whether it's in small micro caps or just investing in general, what what would you say was an experience that changed your career, guided you the most or just you learned the most from? Well, um it's very recent actually. Um so when I first got my acquisition, I mean I invested in a company that um a bigger company acquired me, right? How you call it is in in English? Um uh a bigger company acquiring uh just a merger and acquisition or just it was it was taken out. Yeah, it was taken out. Um we in Spanish call it OPA ora public acquisition public offer acquisition. Okay. Yeah. So in my in my first year of small caps, I had one three months after I started investing in small caps and the the beer company offer 100%. So I made 100% in 3 months that changed my whole re my whole perspective of small caps. But as I was transitioning, I only had like 2% of my portfolio in that situation. But this year, I I wrote I read in the Micro Cap Club about a company called Marlloi that isn't anymore in in the in the stock market because it was acquired a couple of months ago. And when I saw this opportunity, I studied, of course, and I did my research. But this time I was not investing 2% of my portfolio because I was really convinced that it was a very asymmetrical situation very low risk high reward and that with all the learning I had about concentration about taking the opportunities about uh what is possible in the small mo small cap world that other companies can acquire your company I invested 20% of my portfol folio in that situation. And you know what happened? I made my whole year in one situation. And that changed my whole perspective. I don't care about tariffs, Trump tariffs. I don't care about what the S&P 500 is doing. I don't care about what the magnificent 7 are doing. I only care about finding these kind of situations. So I feel like I live in a bubble now. And that's in my my classes. I I do a presentation when I when I have when I have my face and I put in a bubble. Uh I have I put my face in a bubble because we small cap and micro cap investors live in our own world, right? Um yeah, I that changed my whole perspective the the whole thing that you can be acquired and gain in this long in the short term. Absolutely. So when you're also, you know, as as obviously creating your content, you're building a network of fellow, you know, uh, investors and is it all that are Spanish speaking, is it all in Panama or or have you been starting to meet people, you know, within Central America, South America or US as well that, you know, are Spanish speaking that are like, hey, we want to we want to Yeah. do more, we want to learn more. Actually, the most common public audience I have in YouTube is from Spain, then Mexico, then Argentina, but uh most of my clients, 95% of them are from Panama. Um we do we actually do events here in Panama. Very basic, of course. uh we can have CEOs and speak technicalities yet, but um the last event we did um we had a couple students that flew from Argentina and Mexico uh to come here to Panama and share their investment investment thesis in some small caps. So it was very wholesome. I actually cried uh in that event. I couldn't I couldn't believe someone was coming to Panama to uh speak about a small cap and for the event we made um that something that start very basic back in 20120 thanks to I had this psychology class and I had some uh social pressure right? Mhm. Oh, that's so cool man. That is Yeah. Yeah. I mean we we'll have you here in Panama soon. Listen, hey, I'm, you know, I'm a big surfer, so I will, uh, definitely be start trying to plan a, uh, you know, you know, a a surf trip. You know, it's a work trip that will be, you know, maybe I'll, you know, maybe we'll host a little event. Who knows? Um, I would love I would love that, man. Um gosh, I mean there's so much to cover here, but I mean is there anything I'm missing that you know you also want to convey to our audience that you know maybe you have some there might be some people listening in that have family members that are Spanish speaking only and want to get into investing and didn't know that there was you know content out there that's really focus because I really also want to make a distinction. a lot of your content it's not just like you know different kinds of you know it's really focused on long-term investing value investing you know the main principles of Buffett Lynch and you know all the all the greats in that sense you know is there any kind of message you want to get out to them when it comes to some of the work you're doing and just you know I don't know you you take it from there I think I said yes you can if if I have to leave a message uh you can win plenty of money taking very low risk. Because if you you can find companies with no depth, very undervalued, very recessionp proof businesses and they will eventually be in the intriguing value and you gain 20 30 40 50% of your money without taking a lot of risk. People relate risk with reward. In my portfolio, you will see seven, eight names with very low risk and of course I'm trying to beat the market um gaining over 10% annually, right? So yeah, don't take unnecessary risk. Don't lose money uh stupidly. That that's actually a very good message. That's that's number one. Just don't try not to lose too much money or don't lose money or try not to lose too much. Um that's great stuff, Kaiser. I think we're there. I mean, um, for we're I'm going to have you back on at some point. We're going to do some more stuff here because I think there's there's a lot of cool stuff. Yeah. I want you to I want you to be in my channel as well. Oh, yeah. That'd be fun. Real Let me ask you this real quick. This is one question I meant to ask you. And you only focus right now on, you know, US and only US or do you even look at Canada? Like where else? Where are you looking? Where's your hunting grounds? My names are in Europe, Canada, US. I have a company from Italy, France, Spain. We we are not exclusively investing in the US. Anything Anything in South America or Central America? No, no, no. Because we we don't I don't like the fluctuation of the currencies. Ah, I see. I see. I I'm very careful with that. I mean, I only invest in principles currencies like Canadian dollars, euros, uh, pounds, and US dollars, of course. Gotcha. Very cool. All right. Well, Kaiser, with with that, where can our audience go and find more information about you to subscribe to all of your social media? Yeah. Uh, we're very active on Instagram, El Planet Financ, everything is in Spanish, of course. And here in YouTube, we are uploading three videos each week. We have been doing that for six years now and we will keep doing it. Everything exclusively about investing in the stock market for the long term. Beautiful. Well, Kaiser, this has been an absolute pleasure. Thank you so much for joining me today. Uh, good luck. Stay safe. Hopefully, I'll see you in Toronto, but if not, definitely I'll see you in Vegas. Yeah. Yeah. Yeah. We We I won't make it to Toronto, but I'll be in Vegas next year. Beautiful. All right, man. I'll talk to you soon. Thank you, Bobby. Thank you. [Music]
Bringing Long-Term Value Investing to Spanish-Speaking Communities with Kayser Pravia
Summary
Transcript
This podcast is forformational purposes only and is not an offer or solicitation of an offer to buy or sell securities. SNN network, SNN Inc. and the Plano Microcap podcast and the representatives are not licensed brokers, broker dealers, market makers, investment bankers, investment adviserss, analysts, or underwriters. We do not recommend any companies discussed. We may buy and sell securities in any company mentioned and make profit in the event those securities rise in value. We recommend you consult with a professional investment advisor, broker, or legal counsel before purchasing or selling any securities referenced in this podcast. Welcome to the Planet Microap podcast. I'm your host, Robert Craft. Thank you all so much for the continued support and for tuning in. If you like what you hear on the Planet Microcap podcast, please take a moment to rate us five stars on Spotify or Apple Podcast. Really helps more folks discover the show and join the Micro Cap investing community. Registration is now open for the Planet of Micro Cap Showcase Toronto in partnership with Micro Cap Club happening October 21 through 23, 2025 at the Arcadian Loft in downtown Toronto. Whether you're a seasoned investor or just getting started, you'll want to be there. Visit planetmicrocapshowcase.com to register. See you in Toronto. Now, my guest on the show today is Kaiser Pia. He's the founder of El Planeta Financerio. In this episode, Kaiser shares his mission to expand financial literacy and micro cap investing for Spanishspeaking investors worldwide. We discuss his evolution from day trading losses to a Buffett and Lynch inspired value investor, why he runs a concentrated portfolio, and his focus on recession proof businesses with strong balance sheets. Kaiser also talks about building El Planeta Financier into a growing educational platform and investing community for Spanish speakers. And for full disclosure, we do mention a couple names here on the uh podcast today. I am not a shareholder in any of them. Thank you again for tuning into the Planet Micro Cap podcast and please enjoy my conversation with Kaiser Praia. Kaiser, thank you so much for joining me today. How you doing, man? Wie, thanks for having me. We met in Vegas a couple of months ago. Uh we were talking about this podcast. Listen, man. You're my you're my El Primo, you know. Look, we run Planet Micro Cap at El Planet Planeta Finance Sierra. When I first saw you come in as a registrant, I'm like, are we related? I don't know. You know, are we are we like corporately related? I don't you know, all all jokes aside, but I mean, look, when when I met you in person, everything I mean, it was Kismmet and it's just listen, you have such an amazing story and I love everything that you guys are doing and I wanted to share that with our wider community, you know, with your focus on financial literacy for Spanish speaking communities. you know, you happen to, you know, you happen to land at my at the micro cap conference of all of all places. So, there's a lot to cover, but but first, Kaiser, you know, love to get just better understand how you got your start, where your passion for investing began, and then how you landed in founding El Paneta Financier as well as micro caps, the whole bit. So, start us off from the your the humble beginnings. Yeah. So, this is a great story. I actually studied in in Kansas in the US and I went there because I had a full ride and I used to play soccer and I had very good grades in school. So I went to Kansas to study but there I realized that I wasn't going to be the next Cristiano Ronaldo or Messi or Neymar. So I quit and I came back to Panama. I I didn't finish school in the US and one thing that really was in my head that was I was in a psychology class and the teacher asked everyone who's investing in Apple stocks. Everyone had the had the hand in the in the sky, right? Everyone was really like excited about Apple stocks and this is not a recommendation uh of of buy, right? So I was the only one in the in the classroom that wasn't investing at all. So when I came back to Panama, I start to research and this is like social pressure, right? Because if you are 17 and everyone is doing something, you feel weird if you're not doing it. So when I came back home, I realized and I met Warren Buffett, uh, Peter Lynch, and I saw that you can actually make some money in the stock market and started to research. Oh, well, let me clarify. Did you meet them or you just you found their books real quick? I I found their books. Yeah. Yeah. I mean, I actually went to Omaha in 2023 and didn't met Buffet, but saw him really really close and Yeah. So I when the COVID hit in 2020, I already had like two years investing and everyone was like without a job and looking for another uh source of income, right? And that's where I started my YouTube channel, but I actually started in English. But that was not sustainable to me because as you're seeing my English is not perfect, right? So I switched to Spanish, but I I started in English because I was really shy. I was ashamed of what I was doing and and and sharing. I Everyone here in Panama, you speak in the street about the stock market and they will think you're a you're crazy. They'll think you're losing your money. They they think you're betting and they don't want to hear you still in 2025. And yeah, that's that's how I started. Went to the US, learned there, and starting to share my story here in Panama. And eventually it grow up to a YouTube channel that already has over 60K subscribers. That's awesome. So, I mean, so what finally gave you, you know, you said you, you know, you're nervous getting started and you wanted to do it in English first. you know, what was the main impetus for you that you're like, you know what, I'm going to speak in my native tongue. Was it that you recognize like, wow, I feel like I'm one of one here in Panama, the only one really looking at the stock market and investing and you know, I I was there a feeling of like, I want to do something for our community here so that they really are like, all right, we need a some kind of source. Um, there's plenty in English, why not do something in Spanish? Was that kind of your thought process? Not really. I start sharing uh this knowledge right because I feel something really inside of me that I have to share something that is good and I think it's good for for the others. I don't I don't care if one people is watching this podcast or 100 I have to share it. I need to share it. I can I can hold it when I when I found a new stock I can hold it. And that was my train of thought. Um eventually this is my main source of income right now. I I monetize um my YouTube channel, I do sponsors etc etc etc and I invest my own money of course but I never saw that opportunity of I will start sharing this because no one else is doing it. Uh so so it really came from just like a you know what it's look English is my second language. It's it's easier for me to do this in Spanish. So, you know what? I'm just going to do it in Spanish. And if it hits, it hits. If not, like at the very least, you're kind of similar to a lot of other guests that I've had on here. It's like I'm just getting my ideas out there and just try and hopefully maybe get some feedback and see if there's anything I can do better. It sounds like that was more of the track and then it just I was like, "All right, well, this is awesome." Like, I'm, you know, Yeah. helping a lot of my compatriots who also don't, you know, English second language or don't speak English and giving them some good financial literacy content. Yeah. In Spanish. Yeah, it's and it's now my my work my work is sharing about the stock market here in in Panama in the Latin American community. So, okay. So, let I'm going to take another step back to take a couple steps forward. So, okay. So, you're you know, you're in the psychology class. Everyone's raising their hand saying they own Apple stock. You're the only one that doesn't. You're thinking to yourself like, "Okay, what am I missing?" What what were some of your first steps to be to finding say reading a you know Peter Lynch book or a Warren Buffett book because there's so many different directions anybody could go like you know listen I want to get in the wild world of investors there's so many different rabbit holes you could go down where you could start reading you know books that traders have written or this you know what was it that you're like all right I'm going to read the you know Peter Lynch book or like for instance just you know sorry not to ramble here but like I wouldn't have even known about reading a Peter Lynch book unless you when I was originally going to go and be a stock broker potentially on Wall Street. So I was like, you should read a Peter Lynch book. Like I would have had no idea that I should have gone and picked up one up on Wall Street. So I'm curious to you know what was what was it for you? Yeah, it actually I started doing day trading, right? And that was because if you go to the internet and you search um how to invest the first the first thing you see is short-term trading, right? 100% very very leverage trading and I started in that way and I was losing my money. I used to work in the humanitarian industry and I was investing 20 30% of my salary and I was losing that money doing day trading and one day I spoke to my mom and I told her mom I have a friend who loves alcohol. I have another friend who loves the casino and I feel like my my bad thing my my I don't know how to say it in in in English but the the place that I will lose money for me is the stock market that that was my not good uh area of life right and my mom told me no please search who is the most successful investor of the stock market. My my mom didn't know about Buffett, right? But I found uh the documentary of Warren and the algorithm uh told me to the intelligent investor and then to Peter Lynch and the internet made the made the magic. Man, that is your mom just gave you the greatest advice you probably will ever get in your life right there. Like look up who the best investor is and then go from there. That's not to say there aren't great traders out there, no doubt. You know, but it also is very personality dependent where I totally get what you're saying. Like I couldn't do the day trading thing. Like I would lose my mind, you know. Whether I lose money or not, I don't know, but I would definitely lose my mind. That's that is that is I mean I I tried but went well. At least you shot. At least you give it a shot, right? You know, and and it didn't scare you off, right? Like that's probably the best part is that it didn't scare you off from investing totally. It was just kind of like all right, you know, I mean that was fun for I was I was so young that I felt like I didn't want to go in the normal train of life like get the job, get the house, get the kids and just that I I felt like I had to do something different and I thought day training was that I tried that wasn't but that got me to to Buffett. Very cool. So okay, so you start reading Buffy, you start reading Peter Lynch. So how does your strategy then evolve as you're starting to consume all these various books on, you know, value investing, long-term investing? Love to hear your thoughts. That's that's a good good question. So I started investing in in huge caps. My first stock was Twitter. It's not in the stock market anymore. I got Visa. I got, you know, the the big names, right? And eventually I I saw this quote from from Buffett that said that in his in his first years he could make 50% of his money. You know this quote because he was investing peanuts a couple of millions and I said why why is he telling that if I mean if the stock market in average grows the 10% per year how he can make 50%. And I got into uh pure lynch uh one was trade book and I saw the the multibaggers um explanation right and that got me into small caps how I do invest in companies that can multiply 5x 10x 20x and eventually I I got into Ian Castle and then the Micro Cap Club and I that this was in 2021. I was uh investing since 2018, but in 2021 I switched all my companies from big caps to small caps. And the S&P that year beat me and I felt like I was doing the wrong thing. like why I'm changing from big caps to small caps if the S&P 500 and the big caps are gaining more than the small caps but um I was in the transition of course right and I was learning about small caps it was another word and that's where I got the book where Ian Castle has the forward uh free capital you know this book I actually think it's in the back and he he signed he signed me the book back in Vegas in in April. And I I I understood that the small cap word, the micro cap word is a whole different world and you can find opportunities for the short term, for the midterm, for the long term. You can find uh companies that they don't care about the macroeconomics, they don't care about politics. And that's when I switch 100% uh my mentality and when I discover you guys uh from the micro cap club, the planner micro cap of course and the all events you guys do and I had the opportunity to to met you guys in in person this year. Again, another great uh timing to like test your metal because, you know, getting into small micro caps in 2021, you know, there was a little bit of an upswing, then 22 was just it just so I'm sure even, you know, the fact that you again stuck with it and wanted to find out more and really understand, you know, what's going on here despite, you know, micro captures taking an absolute dive, you know, from the beginning of 22 like kind of early on in your experience like that. That's kudos to you. you know that I publish my results every year in my YouTube channel and since 2020. So I have five years of results published and in 2021 everyone in the comments were telling me why are you changing to small caps? You're not beating the S&P 500. That was the first year. Second year I lost more of course than the S&P. My portfolio was down like 30%. Because volatility, right? And people in the comments were, "Second year in a row. You're not good." And I I felt the pressure. Like, who are you to be giving us financial literacy advice? You're get you're getting smoked here. Yeah. No, I get it. I I was really under pressure. And I mean, my my replies was like I mean, this is my money. I can do whatever I want with my money. Yeah. And now I feel really happy of being invested in the micro small world because there's plenty of opportunities here. It's so much fun. I love it. Um I mean it's it's different, right? 100%. So love to hear what you know what a perfect setup or an ideal investment looks like for you based on you know again you've only been doing this since 2020 but hey you've been diving head first and really getting after as much as possible. So love to hear what that ideal setup looks like for you right now. Setup in in which sense? Like your key criteria for you know this isn't you know company that you know I'm these are the types of companies I'm looking for. Yeah. I'm looking for companies that the core business is um antiis. It's it's it's good. Anti say that one more time. It's um Oh anti crisis. Yeah. I got you. Okay. Okay. Yeah. Yeah. there. It's a recession proof. Recession proof. Yeah, there you go. I got you. I look for recession recession proof companies like uh in the industries of food, um services, maintenance, uh health and that are in good um I like companies that have uh net cash. Why? because I feel like the risk is very uh mitigated if you have net cash in your in your balance sheet if your core business is recession proof and from then I look for growth of course I want to beat the S&P 500 I know we small cap investor micro cap investors uh our benchmark it's different but me as an investor I benchmark myself with the S&P and I look for that good management, growth, recession proof uh business models, um a good and healthy balance sheet. Very good. And so then from there, let's you know, let's say you see a couple stocks come across your screen, you know, what is your research process like? And I asked this because, you know, I I would assume that a lot of times, you know, listen, they're probably getting an email from El Planeta Financier out of Panama like, "Who the heck is this that's reaching out out of nowhere that is interested in my so, you know, obviously management is very important. You know, I know from, you know, your YouTube channel also talking to you in person. I mean, you wouldn't have been at our event if you weren't there to also meet with management teams and, you know, ask some additional questions. So clearly that's part of your process and strategy, but I'm just curious to your experience in doing your follow-up due diligence, what that's been like. What have those conversations kind of been like? You know, I'm sure some of them have been quite funny once they were like, "Wait, who are you again? What's going what do you do?" I, you know, I have Peter Lynch here in my back because he he taught me something. You can find these kind of businesses that can be in early stages and they only have to uh expand their business through the United States or in the world. And for example, he invested in Dunkin Donuts in his first years. Uh Taco Bell, Hilton, he's a good business, well managed and they only had to reply in other states and they grow 10x, 20x, 30x, right? So that's the investment philosophy that I follow and I had a very successful case in my YouTube channel. It's Sprouts Farmers Market, the organic supertore. Um they it's full Peter Lynch philosophy. It's a good business that it's only in that moment that it was only in the 20% of the states. It's now in the uh 59% and it was really undervalued in that time. We made the the investment thesis in YouTube channel in my YouTube channel. It's like one hour of only speaking about the company and they only had to to keep delivering right every quarter. we were following that and to and to answer your question my follow-up process is I mean every company is different right every company has their own story so every quarter I am with the company that I am investing I am in the earnings call and I like to follow of course it depends on on the company but I like to follow that the management had this strategy and they are achieving the strategy to keep talking about sprouts. If they want to open or they their goal was to open 10% of more stores every year, I'm following that, right? I don't need the the CEO to be fully invested in the company. I need him to deliver to our to us to us the shareholders, right? So yeah, um again this is not a recommendation of buying any stock. Nice work on the on the due diligence side. Our compliance is uh is already a huge fan of you. Um are you also do you still hold it or no? No, I don't have uh the company anymore. Got it. Okay. So love to hear an experience where you know you kind of maybe it's your first one or you know a recent one and you can name the name of the company or not. It's up to you. But love to hear, you know, a sample where you're like, "All right, getting after it, developing my philosophy, developing my strategy, want to deploy it, you know, I found a couple companies that I think are really interesting, you know, from first, you know, whe from your first steps in the process to maybe they're making it a full position or not." You know, I'd love to hear an example of your process in in action. Yeah, of course. Uh, we can speak about Mama's Creations. Um, that was the company I was interesting in to go to Vegas that you guys had and I met the CEO, I after I had it in my YouTube channel and I recently I don't know if you know but I recently went to the headquarters in New Jersey. So, it was really fun, right? But I was already investing before meeting the CEO, before going to the headquarters and I actually when I spoke with him and with the board, I I was not asking them about technicalities and the company because they already said that in every call in every uh presentation. So the whole process was this um I was a screening back then in 2021. I found this company that has that had net cash that was in a recession proof business and that was growing but they had a real risk. What the 60% of the revenues back then they depended only in one client and I didn't feel well with that. I didn't like that. So I did not invest but I had the company in my radar of right. So years keep keep going and they uh the the share was rocketing. Um they went from $2 to three then to four then to five and I was watching from from the outside but I had I didn't had um formal fear of missing out because I made my decision that I didn't want to take that risk. But in 2024, I saw the report. I saw that they had more clients. They had more products. So, they were more diversified than 2021. And they changed their board. Their old old CEO and founder was really um old. He was like tired and he said that in the in the interviews and he was exiting out. So now that I saw this, I re uh re redid my study, my analysis of the company. The the strategy was um to expand like I saw like I said uh before they were expanding in products um in other states of the US. So I invested in the company right at a good price. Of course I was uh waiting for the good price. I used to um to value companies by multiples. And in this case, now that I invest in the company, the strategy specifically of the company is that they um want to grow to 1 billion of revenue to 2030. How they're going to do that? Acquiring other companies and by organic growth. So what am I doing every quarter? I'm following their pipeline of acquisitions. I'm following their margins. I'm following their organic growth. I'm following their investments in marketing and following their deals with the clients. I'm following their products. So I feel like you have to be with them. When you invest in a company, you have to follow and basically be there um and watch if they're going to achieve what they they want to achieve. Right now, they're sell like um under 200 million. And of course, you're asking how how how are they going to get to 1 billion in 2030 in six years? But to know that you have to follow the company and be with them every quarter. Absolutely. No, that that's a that's a great story. So I mean how concentrated or diversified are you? I mean you know obviously when I met you you know you were talking about mama and all that you know but I mean how how many stocks do you currently have in your portfolio? What's the average you know how do you Yeah. What's your what's your thoughts on that? I'm very concentrated and this year specifically after I met you guys in Vegas and all the other investors that that was really valuable to me. Um for example, Ian told me on my hear that once he had like 40% just in one name and I was in my mind like this guy is crazy. This these guys will have like millions, right? So 40% of their portfolios will be like couple of millions. I don't know. And me that I don't have the millions. Of course, I was like if if he has 40% is because he's very uh convinced, right, of their of his position. And I saw my portfolio. I did this table after I went to Vegas. I did this table of every name I had and write what I was expecting in numbers for the invested for the every stock I had and I realized that I could be more concentrated in my best names. So right now I am very concentrated investor in my in my eyes. I have like seven names. I have seven names and my top position has 35% of the portfolio. My next position has 20%. So this year specifically, I have been more concentrated in my best ideas and I have been uh more fearless. Very cool. Ah that's that's that's very cool. You know, another question I had for you, you know, and we were talking about this ahead of time when I was, you know, you know, before I press record, I always ask, you know, what are some ideas or topics maybe that, um, you know, you'd want to cover? And I thought this was a phenomenal question that you posed that, you know, I want to ask you here, uh, you know, as you were, you know, making the turn going into small micro caps in 20, what was it, 2020, 2021, you know, and you're getting everybody getting the the hate? Yeah. in the comments, you know, I mean, how did that also then translate or what what is the perception would you say amongst, you know, either the Panameanian community, you know, your own, you know, close-knit community and or just in the Latino community in general when it comes to small micro cap, you know, how is it perceived? Oof. Uh if the stock market is uh if it has a bad perception, small caps and micro caps has a worse perception. People um relate small to more risk. But what they don't understand is that small for us or or micro for us are companies that are selling millions. The biggest bank here in Panama is not even close to a small cap that is in the stock market in the US. So I always tell people if you have all your money in this bank, it doesn't mean you have less risk if you invest in this company. The risk is in the knowledge you have of your investment. Right? So um there are very very few uh Latin American Spanish speakers that are investing in small caps and talking about them even less. Right? So I I want to keep sharing I mean in my courses and my classes that I made every month here in Panama. Uh I try to to raise the voice about small caps and I told you uh before we start the the interview that next year in in the planet micro cap event we will uh be with a couple of Latin American investors and we want to to spread the the voice about uh this um magnificent word. Listen, we just it's going to be the power of compounding. You know, last year it was it was you and then next year will be two. the year after that will be four, you know, we'll just keep going along in a in in that sense. But I mean look I mean it it's kind of a it's the question almost answers itself in a lot of ways cuz even in the US I mean I you know I talk amongst my own crew. I mean it's maybe one out of every five has heard of you know a small cap or a micro cap or understands that there you know there's something beyond just the magnificent seven or whatever in you know large caps in in the stock market. Um, so you know, it's it's a very it's and then even if they know about it, they're like, "Yeah, but I wouldn't touch any of that stuff with a 10-ft pole." Because quite frankly, they also then are like, "Wow, I you're telling me that it's a lot of work to actually like do well in this stuff or, you know, why don't I just, you know, I'd rather just be a day trader where it's easier to learn about pattern recognition and candles and all that than it is to like do deeper dive due diligence." I have a different opinion on that, but you know, that that's some of the feedback you get. So it almost I mean it makes sense that whether there's I'm I'm was more surprised that there is even a perception at all you know just cuz even up here it's you know it's we're a very niche community. Yeah. Yeah. That's true. I mean if people is willing to invest some time in stocks I think they have to invest it in small caps and micro caps. No doubt. No doubt about it. you know, it depends on what kind of, you know, portfolio or how you want to do it so that you, you know, you get your tax advantages and whatnot. But yeah, no, I mean, if you're serious about investing, like, you know, long-term investor versus kind of day trading and stuff, you know, you're you you'd be silly not to at least give it a whirl and and look deeper and, you know, consume content. If you happen to be a Spanish speaker, you consume Kaisers. If you're not, you know, you come on, play a mic. But I mean in in your experience thus far, you know, whether it's in small micro caps or just investing in general, what what would you say was an experience that changed your career, guided you the most or just you learned the most from? Well, um it's very recent actually. Um so when I first got my acquisition, I mean I invested in a company that um a bigger company acquired me, right? How you call it is in in English? Um uh a bigger company acquiring uh just a merger and acquisition or just it was it was taken out. Yeah, it was taken out. Um we in Spanish call it OPA ora public acquisition public offer acquisition. Okay. Yeah. So in my in my first year of small caps, I had one three months after I started investing in small caps and the the beer company offer 100%. So I made 100% in 3 months that changed my whole re my whole perspective of small caps. But as I was transitioning, I only had like 2% of my portfolio in that situation. But this year, I I wrote I read in the Micro Cap Club about a company called Marlloi that isn't anymore in in the in the stock market because it was acquired a couple of months ago. And when I saw this opportunity, I studied, of course, and I did my research. But this time I was not investing 2% of my portfolio because I was really convinced that it was a very asymmetrical situation very low risk high reward and that with all the learning I had about concentration about taking the opportunities about uh what is possible in the small mo small cap world that other companies can acquire your company I invested 20% of my portfol folio in that situation. And you know what happened? I made my whole year in one situation. And that changed my whole perspective. I don't care about tariffs, Trump tariffs. I don't care about what the S&P 500 is doing. I don't care about what the magnificent 7 are doing. I only care about finding these kind of situations. So I feel like I live in a bubble now. And that's in my my classes. I I do a presentation when I when I have when I have my face and I put in a bubble. Uh I have I put my face in a bubble because we small cap and micro cap investors live in our own world, right? Um yeah, I that changed my whole perspective the the whole thing that you can be acquired and gain in this long in the short term. Absolutely. So when you're also, you know, as as obviously creating your content, you're building a network of fellow, you know, uh, investors and is it all that are Spanish speaking, is it all in Panama or or have you been starting to meet people, you know, within Central America, South America or US as well that, you know, are Spanish speaking that are like, hey, we want to we want to Yeah. do more, we want to learn more. Actually, the most common public audience I have in YouTube is from Spain, then Mexico, then Argentina, but uh most of my clients, 95% of them are from Panama. Um we do we actually do events here in Panama. Very basic, of course. uh we can have CEOs and speak technicalities yet, but um the last event we did um we had a couple students that flew from Argentina and Mexico uh to come here to Panama and share their investment investment thesis in some small caps. So it was very wholesome. I actually cried uh in that event. I couldn't I couldn't believe someone was coming to Panama to uh speak about a small cap and for the event we made um that something that start very basic back in 20120 thanks to I had this psychology class and I had some uh social pressure right? Mhm. Oh, that's so cool man. That is Yeah. Yeah. I mean we we'll have you here in Panama soon. Listen, hey, I'm, you know, I'm a big surfer, so I will, uh, definitely be start trying to plan a, uh, you know, you know, a a surf trip. You know, it's a work trip that will be, you know, maybe I'll, you know, maybe we'll host a little event. Who knows? Um, I would love I would love that, man. Um gosh, I mean there's so much to cover here, but I mean is there anything I'm missing that you know you also want to convey to our audience that you know maybe you have some there might be some people listening in that have family members that are Spanish speaking only and want to get into investing and didn't know that there was you know content out there that's really focus because I really also want to make a distinction. a lot of your content it's not just like you know different kinds of you know it's really focused on long-term investing value investing you know the main principles of Buffett Lynch and you know all the all the greats in that sense you know is there any kind of message you want to get out to them when it comes to some of the work you're doing and just you know I don't know you you take it from there I think I said yes you can if if I have to leave a message uh you can win plenty of money taking very low risk. Because if you you can find companies with no depth, very undervalued, very recessionp proof businesses and they will eventually be in the intriguing value and you gain 20 30 40 50% of your money without taking a lot of risk. People relate risk with reward. In my portfolio, you will see seven, eight names with very low risk and of course I'm trying to beat the market um gaining over 10% annually, right? So yeah, don't take unnecessary risk. Don't lose money uh stupidly. That that's actually a very good message. That's that's number one. Just don't try not to lose too much money or don't lose money or try not to lose too much. Um that's great stuff, Kaiser. I think we're there. I mean, um, for we're I'm going to have you back on at some point. We're going to do some more stuff here because I think there's there's a lot of cool stuff. Yeah. I want you to I want you to be in my channel as well. Oh, yeah. That'd be fun. Real Let me ask you this real quick. This is one question I meant to ask you. And you only focus right now on, you know, US and only US or do you even look at Canada? Like where else? Where are you looking? Where's your hunting grounds? My names are in Europe, Canada, US. I have a company from Italy, France, Spain. We we are not exclusively investing in the US. Anything Anything in South America or Central America? No, no, no. Because we we don't I don't like the fluctuation of the currencies. Ah, I see. I see. I I'm very careful with that. I mean, I only invest in principles currencies like Canadian dollars, euros, uh, pounds, and US dollars, of course. Gotcha. Very cool. All right. Well, Kaiser, with with that, where can our audience go and find more information about you to subscribe to all of your social media? Yeah. Uh, we're very active on Instagram, El Planet Financ, everything is in Spanish, of course. And here in YouTube, we are uploading three videos each week. We have been doing that for six years now and we will keep doing it. Everything exclusively about investing in the stock market for the long term. Beautiful. Well, Kaiser, this has been an absolute pleasure. Thank you so much for joining me today. Uh, good luck. Stay safe. Hopefully, I'll see you in Toronto, but if not, definitely I'll see you in Vegas. Yeah. Yeah. Yeah. We We I won't make it to Toronto, but I'll be in Vegas next year. Beautiful. All right, man. I'll talk to you soon. Thank you, Bobby. Thank you. [Music]