INTRINSIC VALUE WEALTH REPORT NEWSLETTER

~ Un-Common Sense In An Irrational World: We Challenge the Conventional Wisdom^TM ~

TODAY – PRINCIPLED BUSINESS WEBINAR: INVESTING IN PRIVATE CAPITAL MARKETS WITH DR. PAUL M. WENDEE

​Private markets have become one of the fastest-growing areas of investing, offering opportunities beyond traditional public markets — but they also come with unique structures, considerations, and risks.

​Join Dr. Paul M. Wendee, Managing Director at Paul M. Wendee & Associates, for a conversation on how private capital markets work, how investors can evaluate opportunities, and what to consider when exploring this investment landscape.

​Whether you are actively investing in private markets or simply looking to better understand this space, this webinar will provide valuable insights to help you navigate the opportunities ahead.

​Register to join the conversation and bring your questions. [Register HERE]

~ Un-Common Sense In An Irrational World: We Challenge the Conventional Wisdom^TM ~

MICHELLE BERNIER’S NEW BEHIND THE SCENES PODCAST IS NOW LIVE

My good friend, Michelle Bernier, has released her first episode in her new Behind the Scenes podcast. Below is a message from Michelle regarding her new podcast series.

From Michelle Bernier:

My new podcast Behind the Scenes is officially live, and I want to tell you the real story behind it.

I came to the US with one conviction: that business, done well, is one of the most powerful forces for human progress. Behind the Scenes is the clearest example that anything is possible.

Every guest I reached out to wanted a show with views, downloads, numbers. I had none of that. This was a pilot project with zero track record. But two people trusted me anyway: Richard Branson, CEO of Virgin, and Dan Cathy, former president of Chick-fil-A. Those two conversations put us on the map and opened the door to every interview that came after. 

What started with fear, no editing skills, and no credibility is now going out into the world.

If that was possible for me, it’s possible for you too. That’s the whole point of the American dream. Not that success is guaranteed, but that the door is really open if you’re willing to put the work in.

Our first episode is out now.

I sat down with Erika Mandel, Chief of Marketing at Creative Blinds, as the company celebrates its 50th anniversary. Erika reflects on the values that have carried this family-owned business through five decades, and how they’ve stayed true to their roots while still growing.

Watch or listen here

A new show only grows if people like you help it find the right ears. If you have five minutes today, here’s what would mean the world to me:

Here’s how you can help:

Come celebrate with me.

I’m hosting a virtual celebration with friends this Friday, August 21st at 11am CT. I’d love for you to be there. RSVP here.

Help me promote.

Like, comment, and share the announcement post, forward this email to a friend, and subscribe on YouTube. And if you want to really shout it out, post this on Instagram, X, or LinkedIn and tag @behindscenespod:

“Come support my friend Michelle with her new podcast, Behind the Scenes! Episode 1 just dropped and it’s so good. Go check it out and show her some love. ������️ @behindscenespod https://www.youtube.com/watch?v=XYb__-OiVBI“

Thank you. It means more than you know.

Michelle Bernier

Chief of Staff

Liberty Ventures  

346-558-8517

michelle@libertyventures.xyz

https://www.libertyventures.vc

~ Un-Common Sense In An Irrational World: We Challenge the Conventional Wisdom^TM ~

PRINCIPLED BUSINESS WEBINAR: INVESTING IN PRIVATE CAPITAL MARKETS WITH DR. PAUL M. WENDEE

​Private markets have become one of the fastest-growing areas of investing, offering opportunities beyond traditional public markets — but they also come with unique structures, considerations, and risks.

​Join Dr. Paul M. Wendee, Managing Director at Paul M. Wendee & Associates, for a conversation on how private capital markets work, how investors can evaluate opportunities, and what to consider when exploring this investment landscape.

​Whether you are actively investing in private markets or simply looking to better understand this space, this webinar will provide valuable insights to help you navigate the opportunities ahead.

​Register to join the conversation and bring your questions. [Register HERE]

~ Un-Common Sense In An Irrational World: We Challenge the Conventional Wisdom^TM ~

TCA VENTURE GROUP INLAND EMPIRE INVITATION TO INVESTORS – JOIN US ON A SCREENING CALL TODAY TO SEE HOW WE SCREEN COMPANIES FOR POSSIBLE INVESTMENT

We here at the Intrinsic Value Wealth Report Newsletter aim to seek opportunities for our
readers. That commitment goes beyond identifying markets; it extends to connecting you with networks, insights, and communities where opportunity is actively being shaped.

One such opportunity is TCA Venture Group (formerly, Tech Coast Angels).
TCA Venture Group is a nationally-recognized network of investors, entrepreneurs, and
industry leaders at the forefront of early-stage innovation. It has been consistently ranked among the top five angel investment groups in the United States. This network is characterized by curated deal flow, strategic insight, and a peer-level investor community.

As our Inland Empire chapter of TCA Venture Group, TCA-IE, continues to grow, we are
seeking individuals who are interested in learning more about TCA Venture Group and
considering membership. With both in-person and virtual membership options available,
engagement is not limited by geography; members can participate from across the country and around the world.

If this opportunity aligns with your interests, please reach out to Dr. Paul M. Wendee, President of TCA Ventures Inland Empire, to learn more and explore. Paul can be contacted at pwendee@pmwassoc.com or 949-246-1694. You are invited to join us on our monthly screening call today if you would like to see how we screen companies for possible investment. If you are interested, please send me an email or give me a call.

~ Un-Common Sense In An Irrational World: We Challenge the Conventional Wisdom^TM ~

RE-INTRODUCTION OF OUR AWARD-WINNING CASSANDRA STOCK SELECTION MODEL^TM

As we mentioned in our June 7, 2026 analyst commentary, we are bringing our award-winning Cassandra Stock Selection Model^TM back to the Intrinsic Value Wealth Report Newsletter and for use in selecting stocks for our Northwest Quadrant Alternative Investments Venture Fund, LLC and for our Intrinsic Value Wealth Report Community. We have a number of stocks that our model has been identifying for further analysis. We are putting these stocks through our extensive equity research and analysis framework on a continuous basis. On July 21, 2026, we published our first Multi-Factor Stock Model Report (Cassandra List) of the year. We also published the first stock in our Focus List.

I am re-printing below the entire article I posted on June 7, 2026 in order to give you some perspective on our quantitative stock selection approach, which we call the Cassandra Stock Selection Model^TM.

Re-Print of June 7, 2026 Article

OUR FIRM WAS AN EARLY PIONEER IN MULTIFACTOR INVESTING WITH OUR CASSANDRA STOCK SELECTION MODEL^TM

Introduction

We are bringing our award-winning Cassandra Stock Selection Model^TM back to the Intrinsic Value Wealth Report Newsletter and for use in selecting stocks for our Northwest Quadrant Alternative Investments Venture Fund, LLC. We have a number of stocks that our model has identified for further analysis. We are putting these stocks through our extensive equity research and analysis framework and will be releasing our first stock picks soon.

Background

Our firm was an early pioneer in the development and use of quantitative, multifactor investment models with our Cassandra Stock Selection Model^TM, which we developed and deployed in 1994. It is a quantitative equity model which stems from the quantitative revolution that swept institutional asset management during the late 1980s and 1990s. Our model is designed to identify undervalued, high-quality companies by scoring stocks across five core criteria:

• Valuation: Measures if a stock is cheap relative to its fundamentals.
• Quality: Assesses the strength, stability, and profitability of the company.
• Growth: Looks for positive trends in earnings and cash flow.
• Momentum: Evaluates recent price performance and market sentiment.
• Capital Discipline: Analyzes management’s efficiency in deploying capital.

These distinct dimensions allow us to systematically screen global equity markets for potential Alpha generation, although we focus mainly on the US markets.

Our original 5-factor scoring system, which has evolved to include more factors than the original five, has allowed us to grade every stock in our investment universe on a standardized scale, creating a highly disciplined, risk-managed pipeline for stock selection.

The specific pillars used by our firm in the Cassandra Stock Selection Model^TM (Valuation, Quality, Growth, Momentum, and Capital Discipline) are virtually identical to the modern, standardized quantitative factor models used by institutional giants today. Firms like BlackRock, MSCI, and Vanguard deploy these exact metrics under the umbrella of “Smart Beta” or “Factor Tilting” strategies.

The Cassandra Stock Selection Model’s^TM genesis can be traced through three core operational and historical drivers:

1. The Multi-Factor Revolution

Before multifactor models, institutional investing relied heavily on the Capital Asset Pricing Model (CAPM), which assumed a stock’s risk and return were driven almost entirely by one factor: its relationship to the broader market (Beta).

When academic research in the late 20th century proved that standard Beta could not fully explain why certain stocks outperformed, quantitative shops began building multi-variable frameworks. Institutions began building their models to capture a holistic snapshot of market anomalies that a single metric would miss.

2. Blending “Quants” with Fundamental Research

Unlike pure academic models that relied strictly on raw price and size data, many institutional models, including our Cassandra Stock Selection Model^TM, were engineered as Alpha-generating tools for active portfolio managers. We and others wanted a system that reflected how a human analyst evaluates a company, but scaled systematically across thousands of global stocks.

We achieved this by dividing our five factors (now more than five factors) into two distinct operational categories:

• Market Sentiment Factors: Value and Momentum were used to time entry points and avoid “value traps” (cheap companies whose stock prices keep falling or stay the same).
• Corporate Health Factors: Quality, Growth, and Capital Discipline acted as fundamental sanity checks to ensure the business was highly profitable, efficiently run, and growing sustainably.

3. The Institutional Mandate

Many institutions deployed this type of model primarily to manage large-cap institutional equity portfolios, pension funds, and endowments. Institutional clients required a repeatable, disciplined process that removed human emotion from the equation.

In addition to the factors discussed above, our Cassadra Stock Selection Model^TM has a small-cap and medium-cap emphasis, based on academic research by Fama and French (Fama & French, 1992, 2015) and others. What this means is that our model concentrates on the small and medium capitalization stocks in the US equity markets.

To summarize our approach, the four main factor categories we use in the Cassandra Stock Selection Model^TM are:

1. Size Orientation – Small-cap and Mid-Cap
2. Investment Style – Value
3. Persistence – Momentum
4. Corporate Health Factors: Quality, Growth, and Capital Discipline

Track Record

Our Cassandra Stock Selection Model^TM has produced excellent performance results over time. We will discuss these results in more detail in a future post. For now, you can access our track record at our Track Record study.

Summary/Conclusion

The Cassandra Stock Selection Model™ reflects our firm’s long-standing commitment to disciplined, research-driven, multifactor investing. Since its development in 1994, the model has combined quantitative screening with fundamental investment judgment to identify undervalued, high-quality companies with attractive growth, momentum, and capital discipline characteristics. While the model has evolved beyond its original five-factor framework, its core philosophy remains the same: use a systematic, risk-managed process to uncover potential Alpha opportunities, with a particular emphasis on small- and mid-cap stocks. As we bring the Cassandra Stock Selection Model^TM back into the Intrinsic Value Wealth Report Newsletter and apply it to our current investment selection process, we believe it provides a powerful foundation for identifying stocks worthy of deeper research and analysis.

References

Fama, E. F., & French, K. R. (1992). The cross-section of exptected stck returns. The Journal of Finance, 47(2), 427-465.

Fama, E. F., & French, K. R. (2015). A five-factor asset pricing model. Journal of Financial Economics, 116, 1-22.