Equity Mates Investing Podcast cover image

Quick Finfest Wrap + Emma Fisher on the difference between uncertainty and risk

Equity Mates Investing Podcast

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The Relationship Between Quality and Valuation

We like quality companies, but there is a bit of a tension between this rule by quality companies and the rule I just outlined of don't overpay. So that's why it early, our way around this is to look for undervalued quality. We're looking for situations where it's not obvious. There's a jewel in the crown scenario when you've got a good business, but it's lost within a less good business. One company we've owned for many years in our fund is Mineral Resources. The heart of Minnys' business is a mining services business. They have really, really low returns because they're tied to this chart on the left, which is mining capex

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