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Some people invest in managed funds, some work as a fundie. A few brave souls create their own fund from the ground up. In this episode we hear from Matt Joass as he shares his insights into the inner workings of the industry, fast-growing kiwi start-ups and traps to watch out for. Matt\u2019s ideal investment is a small, fast-growing business, that is capital-light, with demand- and supply-side competitive advantages, high returns on incremental invested capital, little analyst coverage, deeply aligned management (typically founders), and that are top-dogs or first-movers in an emerging and important industry. Lastly, the company must be trading at a discount to Matt\u2019s estimate of intrinsic value.

Link to the blog post https://www.sharesforbeginners.com/blog/maven

Link to Maven Funds Management - https://www.mavenfunds.com.au/

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Disclosure: The links provided are affiliate links. I will be paid a commission if you use these link to make a purchase. You will also usually receive a discount by using these links/coupon codes. I only recommend products and services that I use and trust myself or where I have interviewed and/or met the founders and have assured myself that they\u2019re offering something of value. Shares for Beginners is for information and educational purposes only. It isn\u2019t financial advice, and you shouldn\u2019t buy or sell any investments based on what you\u2019ve heard here. Any opinion or commentary is the view of the speaker only not Shares for Beginners. This podcast doesn\u2019t replace professional advice regarding your personal financial needs, circumstances or current situation.

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