How does a maker of pesto sauce become a 28-bagger? The recipe calls for profitability, focused management, and sustainable earnings, along with a few other ingredients.

Ian Cassel is a micro-cap investor, the founder of MicroCap Club, and the author of two books. Motley Fool Senior Analyst Buck Hartzell caught up with Cassel for a conversation about investing in the smallest kinds of public companies. They also discuss:

- How to evaluate companies with market caps less than $500M.

- What makes an “intelligent fanatic.”

- Why growing a stock position is like cultivating a relationship.

Host: Buck Hartzell

Guest: Ian Cassel

Producer: Mac Greer, Mary Long

Engineer: Chace Pryzlepa, RIck Engdahl

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