Interview #80 : Tom Bachrach (PFH Capital)
Undervalued micro/small cap businesses
For this issue we have the pleasure of interviewing Tom Bachrach, Founder and Investment Manager of PFH Capital.
⚡ Consider becoming a Premium Subscriber to read these interviews in full, and gain access to the growing archive, for just $15 monthly or $150 annual subscription.
Read the last two editions with Jordan Lampos (Midway Partners) and Diego Milano (Quercus Fund) ➡️
Can you please tell readers about your background, and how you got involved in investing?
I came about investing by accident.
After graduating college, my only “career ambition” for my 20’s was travel and adventure. Having studied Arabic as an undergraduate, I managed to land a job one of the largest publicly traded companies in Egypt.
I was essentially hired as an accountant, despite the fact I had never taken a single course in accounting… but the whole episode was incredibly fortuitous because, after a bit of a learning curve, I discovered that (A) I enjoyed accounting and was good at it and (B) it was way more useful than the Economics I had studied in college.
I returned to the US after half a decade in Egypt, and I figured I should put my accounting knowledge and experience inside a public company to work by trying my hand at public markets investing.
What started as a naïve attempt to make money soon became a full-fledged passion. My preconceived notions of what investing was, namely watching tickers scroll across the screen all day, were incorrect.
In fact, my average day was quietly reading and thinking, and I found it all intellectually invigorating.