Quality Investing: Owning the best companies for the long term
| Author | : | |
| Rating | : | 4.70 (813 Votes) |
| Asin | : | 0857195123 |
| Format Type | : | paperback |
| Number of Pages | : | 224 Pages |
| Publish Date | : | 2014-09-20 |
| Language | : | English |
DESCRIPTION:
"Shockingly good. Another reviewer complains that there's no "framework" here" according to brendan. Shockingly good.Another reviewer complains that there's no "framework" here. Thank God. Look, in some fields no matter how far you progress there's another framework - solid, concise, complex, interlocking body of knowledge - to be learned. Classical mechanics > elec. Good Book on Quality Investing but No Framework It is a very good book on investing in quality companies. Investing is very difficult and there are so many exceptions to rules so there needs to breadth. Unfortunately, the only problem with the book is there is too much breadth and it is difficult to take away a fr. "Solid Book" according to Joshua T. Hill. The book was well written with plenty of examples. The book could have been a little deeper, but is good when taken at a high level.
If you are a long term investor, it's hard to find a more important factor as to what will power your ultimate investment returns. In an increasingly short-term investment world, the book's insights are likely to remain hugely valuable.";- Neil Ostrer, Founder, Marathon Asset Management;"Quality Investing describes a unique approach to evaluating investment opportunities based on real life examples and experience. Read it and help improve your chance of investment success.";-
People make judgments about it every day. These are strong, predictable cash generation; sustainably high returns on capital; and attractive growth opportunities.. The concept of quality is familiar. Think about those of your peers who seem a lot like you but somehow always catch a break. For reasons that are not always evident, some end up doing the right things with better results than average. Yet articulating a clear definition of quality is challenging.The best companies often appear to be characterized by an ineffable something, much like that of people who seem graced by a lucky gene. Chalk it up to fate or plain dumb luck.Businesses can be similar. Perhaps through some combination of vision, scale, or business philosophy, these companies uncannily come out ahead.In our view, three characteristics indicate quality. They are not obviously smarter, smoother, richer, or better-looking than you, yet they are admitted to their university of choice, get their dream job, and earn considerable w