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 to Hidden Gems Investing 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, an article with extensive follow-up work, and an article with the most useful feedback and Q&A we received. Examples of reports 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)

  • 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. The goal is to provide value-added work, but 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.

THE INFORMATION CONTAINED ON THIS WEBSITE IS NOT AND SHOULD NOT BE CONSTRUED AS INVESTMENT ADVICE, AND DOES NOT PURPORT TO BE AND DOES NOT EXPRESS ANY OPINION AS TO THE PRICE AT WHICH THE SECURITIES OF ANY COMPANY MAY TRADE AT ANY TIME.  THE INFORMATION AND OPINIONS PROVIDED HEREIN SHOULD NOT BE TAKEN AS SPECIFIC ADVICE ON THE MERITS OF ANY INVESTMENT DECISION.  INVESTORS SHOULD MAKE THEIR OWN DECISIONS REGARDING THE PROSPECTS OF ANY COMPANY DISCUSSED HEREIN BASED ON SUCH INVESTORS’ OWN REVIEW OF PUBLICLY AVAILABLE INFORMATION AND SHOULD NOT RELY ON THE INFORMATION CONTAINED HEREIN.
The information contained on this website has been prepared based on publicly available information and proprietary research.  The author does not guarantee the accuracy or completeness of the information provided in this document.  All statements and expressions herein are the sole opinion of the author and are subject to change without notice.
Any projections, market outlooks or estimates herein are forward looking statements and are based upon certain assumptions and should not be construed to be indicative of the actual events that will occur.  Other events that were not taken into account may occur and may significantly affect the returns or performance of the securities discussed herein.  Except where otherwise indicated, the information provided herein is based on matters as they exist as of the date of preparation and not as of any future date, and the author undertakes no obligation to correct, update or revise the information in this document or to otherwise provide any additional materials.
The author, the author’s affiliates, and clients of the author’s affiliates may currently have long or short positions in the securities of certain of the companies mentioned herein, or may have such a position in the future (and therefore may profit from fluctuations in the trading price of the securities).  to the extent such persons do have such positions, there is no guarantee that such persons will maintain such positions.
Neither the author nor any of its affiliates accepts any liability whatsoever for any direct or consequential loss howsoever arising, directly or indirectly, from any use of the information contained herein. In addition, nothing presented herein shall constitute an offer to sell or the solicitation of any offer to buy any security.

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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