There is no perfect recipe for generating profits. 

Value, growth, quality, momentum, long, short, large-cap, mid-cap, small-cap, conservative, moderate, aggressive - the list of investment styles goes on. And the factors fund managers use to identify stocks that meet their investment style can be equally elaborate. 

So in this episode of Buy Hold Sell, Livewire's Chris Conway is joined by two small-cap managers - Ben Rundle from Hayborough Investment Partners and Will Granger from Airlie Funds Management. 

They discuss their favourite factors when assessing small-cap opportunities, as well as those that are misunderstood or overused by investors.  

Those factors are then put to work, with our guests each naming a stock that ticks all their boxes. 

Note: This episode was recorded Wednesday 26 July 2023.