DEFINITION of 'Market Maven'

Market maven is slang term used to describe an investor who is "in-the-know", meaning that he or she is well-versed on the current state of the market and privy to information that the general public may not have access to. The term market maven usually refers to an individual who is a market participant with a great deal of knowledge and connections, thus having a trusted opinion on market events or the likelihood of success of a particular investment or speculation. Historical success in the market is typically part of being recognized as a market maven, but a flawless investment record is not required. Famous market mavens include investors like Warren Buffett, John Bogle and George Soros.

BREAKING DOWN 'Market Maven'

Market mavens abound for all manner of things. Buffett, Bogle and Soros are the market mavens when it comes to questions of investment, the global economy and even particular financial instruments, but there are more specialized market mavens in every sector of the economy from oil and gas to biotech. These market mavens establish a track record for seemingly prescient investments or, in the case of analysts, accurate market calls and become a favorite source for the financial media in their particular field of expertise. 

The Making of a Market Maven

Market mavens are able to make these investments and calls with confidence because they are thorough in their research and may have access to informal or underappreciated channels of information that inform their decisions. That is not to take away from the intelligence and dedication required to be a market maven. Anyone that establishes a winning track record that spans years and decades has clearly put in a lot of work on top of their natural intelligence. Some market mavens like Buffett make these calls and investments using the same information that is available to everyone in the public, but he is just better at sorting out the important information using a combination smarts and experience.

Consumer Market Mavens

The term market maven is also used to describe consumers who have detailed insights about consumer products, places to shop and upcoming product information. As with the investing world, their are consumer market mavens who focus on niches such as nail products or wearable technology. These consumer market mavens follow the same path of financial market mavens in becoming a trusted source of advice and a featured face for the media to use in stories about their product niche.

RELATED TERMS
  1. Smart Money

    Smart money is the capital that is being invested or withdrawn ...
  2. George Soros

    George Soros is a famous hedge fund manager who is widely considered ...
  3. Warren Buffett

    Known as "the Oracle of Omaha", Buffett is Chairman of Berkshire ...
  4. Regulation V

    The introduction of Regulation V set new federal standards on ...
  5. Accounting Information System - ...

    An accounting information system is the collection, storage and ...
  6. Take a Report

    Take a report is a slang expression used by traders to signify ...
Related Articles
  1. Investing

    GM Launches Netflix-Like Car Subscription Service

    The service is present only in New York City but will soon be introduced in other markets such as Los Angeles.
  2. Investing

    Google Accused of Supporting China's Communist Party More Than US Military

    Lawmakers urged Google to cut its ties with Huawei and criticized the search engine giant’s decision to stop collaborating with the U.S. military.
  3. Investing

    3 Long-Term Investing Strategies With Strong Track Records

    Learn why discipline and a statistically valid investment strategy can help an investor limit losses and beat the market over the long term.
  4. Investing

    5 Great Investors Who Aren't Warren Buffett

    Here are five other investors, not named Warren Buffett, that are also considered to be the best of the best in the industry.
  5. Investing

    Is It Wise to Copy George Soros's Investment Strategy?

    One of the most successful investors ever is George Soros. Does that means you should follow his investing strategy?
  6. Investing

    Warren Buffett's Copycats

    The "Oracle of Omaha" is one of the most successful investors of all time. No wonder so many investors are mimicking his investments. Find out who Buffett's imitators are and how they're doing. ...
  7. Managing Wealth

    Warren Buffett: How He Does It

    The Sage of Omaha has a careful methodology for evaluating value stocks.
  8. Managing Wealth

    Warren Buffett's Bear Market Maneuvers

    This esteemed investor rarely changes his long-term investing strategy, no matter what the market does.
  9. Tech

    Index Funds Turn 40: Vanguard's John Bogle Weighs In

    In a recent interview with Bloomberg, Vanguard's John Bogle reflects on the birth of the index fund and where the industry stands now.
  10. Investing

    Why is Warren Buffett Looking to Wearable Tech?

    Buffett, normally not into bells and whistles, has focused his interests on new technologies. Why?
RELATED FAQS
  1. How is Warren Buffett Plan bequeathing his estate?

    Find out how much Warren Buffett is leaving for his heirs and how he wants the funds invested after his death. Read Answer >>
  2. Why did Warren Buffett invest heavily in Coca-Cola (KO) in the late 1980s?

    Discover why Warren Buffett found Coca-Cola an attractive investment in 1987. One criteria of a Buffett stock pick is a moat ... Read Answer >>
  3. What's the largest charitable donation Warren Buffett ever made?

    Learn about Warren Buffett's biggest financial contributions and how his estate is to be divided between charity and Buffett's ... Read Answer >>
Trading Center