Matt Joass, CFA is a private investor and former Portfolio Manager of Motley Fool Pro, a concentrated small-cap focused ASX investment portfolio.
From inception in April 2014 to October 2018, Pro returned 232% compared to a total return of 40% for its benchmark, the All Ordinaries Accumulation Index. During his tenure as Portfolio Manager, Matt generated an annualised return of 32%, compared to an 8% return for the benchmark.
Matt’s 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. Last but by no means least, the company must be trading at a discount to Matt’s estimate of intrinsic value.
If you think you have found such a business and would like to discuss it please get in contact.
Originally from New Zealand, Matt moved to Australia from chilly Copenhagen, where he had been working as a financial analyst in the headquarters of an international shipping giant. Matt is a big supporter of investor education and during his time in Denmark he co-founded the Copenhagen Investment Club, a fortnightly meeting of like-minded value investors. He believes that the best asset of an individual investor is a long-term focus and he is always keen to take part in an open-minded investing discussion.
Matt has also worked for a fast-growing telecommunications company in New Zealand and has trained in New York and India. He is a holder of the Chartered Financial Analyst designation as well as an Honours degree in International Business from the University of Auckland. When not working or studying, Matt loves to get outdoors and is an avid sailor.
You can follow Matt on twitter: @MattJoass