Welcome to Hidden Gems Investing by Chris Waller, Founder and Portfolio Manager at Plural Investing.

We look for ‘hidden gems’ in the small cap value space. These businesses may be overlooked because they are small, receive little coverage, operating in unpopular industries, or offer terrific opportunities beyond short term concerns.

The defining feature of our research is that we develop an edge by doing extensive primary research, typically sourcing and speaking with 20 industry experts initially, with ongoing conversations and attendance at industry events like trade shows.

Subscribers receive:

  • Special Reports: 30 pages beginning with a 1 page summary on a long-term investment idea, based on discussions with 20 industry experts. Expect 3 reports per year and an article with extensive follow-up work. Examples include:

    TerraVest (Jan, 2024)

    Concerns at Naked Wines (Jun, 2022)

  • Deep Dives: 5 page writeups on long-term investment ideas based on extensive primary research. Expect 2 per year. Examples include:

    Jet2 (Nov, 2022)

    Kyndryl (Mar, 2023)

  • Notes from the Trade Show: In-depth analysis from attendance at industry events relevant to the stocks we have written about. Examples include:

    XPEL (March ‘2025)

  • Monthly Updates: New updates at 11am EST on the first Tuesday of every month with work on the stocks we profiled, including relevant industry news and results. Examples include:

    Dec ‘24 update

The focus for this newsletter is quality. We will not overload you with attention seeking content.



Subscribe to paid to receive our content. Annual subscriptions are $347 and if you subscribe you will be grandfathered in at this price, meaning you are protected from future price rises.

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About the Author

My name is Chris Waller and I am the Founder and Portfolio Manager at Plural Investing. I believe that in-depth research can lead to the discovery of small cap businesses that are ‘hidden gems’. If you have questions about Plural Investing, you can contact me at chris.waller@pluralinvesting.com.

I previously worked at Goldman Sachs Asset Management as a member of the investment team for the Global and International Small Cap funds. I have an MBA from the Value Investing program at Columbia Business School, BA in Economics and Management from Oxford University, and am a member of Value Investors Club and the Manual of Ideas.

You can see me interviewed here:

Email any questions to chris.waller@pluralinvesting.com.

Important Disclosures

This newsletter is not investment advice. You should always do your own research and make your own decisions. Any assertons made in Hidden Gems Investing represents the author’s opinion and do not necessarily represent the views of Plural Investing. Read important disclosures here.

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30 page reports and primary research on 'hidden gems' in the small cap value space.

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Looking for hidden gems in the small cap value space. See www.pluralinvesting.com. Twitter: @HiddenGemsInves