About The Checklist Compounder
The Philosophy: Process Over Emotion
Most microcap investors are gamblers. They chase hype, buy stories, and get crushed by dilution. I built this newsletter to do the opposite.
The Checklist Compounder is a research journal where I force every potential investment through a ruthless, ever-evolving due diligence framework.
This checklist is not static; it grows as I grow as an investor. It is a disciplined system designed to break a company down to its studs, forcing me to deeply understand the business before I commit capital.
If a stock doesn’t pass the “Gatekeepers” (Solvency, TFSA Eligibility, Anti-Dilution), I don’t look at it. If it doesn’t pass the “Scorecard” (Unit Economics, Sales Velocity, Insider Alignment), I don’t buy it.
I am not here to pump stocks. I am here to share the rigorous homework. The work is the audit and the verdict — what you do with it is your call.
Who Am I?
My name is Lavel Tiwana.
By day, I am a Commercial Real Estate Salesperson and Senior Partner at Anzar Group in Ottawa.
My career is built on analyzing assets—specializing in Industrial Real Estate, self-storage, and land acquisitions. I spend my life looking at Cap Rates, Net Operating Income (NOI), and zoning potential.
I also help owner-occupier businesses structure leasing and acquisition deals. Working directly with these operators allows me to understand the real economic engines behind a company—a perspective that directly drives my passion for analyzing stocks.
I know the difference between a real business and a slide deck.
I treat the stock market the same way I treat a real estate deal: I want to buy high-quality assets at a discount to their intrinsic value.
Why Subscribe?
This Substack is my “side hustle” passion project. It is where I apply my professional discipline to the wild west of the Canadian Microcap Market (TSXV/CSE).
When you subscribe, you get:
Deep Dives: Full “Checklist Reviews” of specific companies.
No Fluff: I respect your time. Every post follows a structured format so you can scan the data that matters.
Transparency: Every verdict cites the audit. You see which gates passed, which failed, and where the risks are hiding.
The Disclaimer
I am not a financial advisor, and I am not a fund manager. I am an independent investor sharing my notes. The publication does not disclose positions — the work is the audit and the verdict, not the trading log.
Join me as we audit the compounders that the big institutions are too big to notice.
