TIP811: OTC Markets (OTCM): A Picks and Shovels Play in Modern Capital Markets w/ Kyle Grieve & Shawn O'Malley

You're listening to TIP. Every time you buy a stock that doesn't trade on the New York Stock Exchange or NASDAQ, a foreign company, a small cap, a pink sheet name, there's a company in the background collecting a toll. You've probably never thought about them, and they've never thought about making you think about them. That company is OTC Markets, and here's a wild fact. The platform they run covers over 12,000 securities.

More than both major exchanges combined, yet the whole operation runs on fewer than 130 people. Today, we find out how a business that most investors have never even heard of has quietly compounded free cash flow at 14% annually over a decade and whether it can continue doing it. Since 2014, with more than 200 million downloads, we have interviewed the world's best investors, studied deeply the principles of value investing, And uncovered many compelling investment opportunities. We focus on understanding businesses and intrinsic value, investing accordingly, and sharing everything we learn with you.

This show is not investment advice, it's intended for informational and entertainment purposes only. All opinions expressed by hosts and guests are solely their own, and they may have investments in the securities discussed. Now for your hosts, Sean O'Malley and Kyle Greave. Hey folks, today we will continue our hunt for intrinsic value by going deep into the infrastructure and operations that underpin financial markets with a company called OTC Markets Group. And if you've

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