General Investing >> Money Manager Interviews >> October 3, 2011

A Bottom-up, Value Approach To Investing In Small Caps – John E. Deysher – Bertolet Capital Llc

John E. Deysher, CFA, is President of Bertolet Capital LLC, adviser to the Pinnacle Value Fund, a diversified, SEC-registered mutual fund. He is responsible for the Fund's daily investment activities and has more than 25 years of experience in the investment management business. From 1990 to 2002, Mr. Deysher was a Portfolio Manager and Senior Analyst with Royce & Associates, LLC, an investment firm specializing in the securities of small-cap companies. Mr. Deysher began his investment career in 1983 with Kidder Peabody & Co., where he managed equity and fixed income portfolios for individuals and small institutions. He holds a bachelor's degree from the Pennsylvania State University, and master's degrees from Indiana University Bloomington and the University of California, Berkeley. Profile
TWST: Generally speaking, why do you like small-cap stocks considering the market and the macroeconomic environment in which we're currently operating?

Mr. Deysher: We like small-cap stocks or a