Interview #115 : Dan Lysik (Miller Deep Value Select)
Concentrated small/microcap deep value investing
For this issue we have the pleasure of interviewing Dan Lysik from Miller Deep Value Select.
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Hi Dan, thanks so much for taking the time out to do this interview.
Can you please tell readers about your background, and the evolution of the Deep Value Strategy?
Hi Jon, thank you for the invitation to participate in the Capital Employed newsletter and congratulations on all your success with the platform.
In terms of my background, I have been working in the investment management field for 30 years.
Growing up I had limited exposure to the financial markets as both of my parents were educators. It wasn’t until I started college that I began to learn more about investments.
Unfortunately, my family experienced a severe economic hardship which required me to work 30-40 hours a week while attending college full-time to help pay for my education.
I started heavily researching investments to help my parents through this difficult period. The more I read and researched the greater my interest became in the field.
While working after college, I received a gift, a book, on Warren Buffett. I was fascinated with his success and knew I wanted to attend Columbia to learn more about Value Investing.
While attending Columbia, I first read Ben Graham Intelligent Investor. Graham’s teaching on the importance of a margin of safety, purchasing securities at a price significantly below their intrinsic value resonated with me.