Quality Investing
Owning the Best Companies for the Long Term
Harriman House · Print & ebook · January 5, 2016
Quality.
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- Who it’s for
- A straightforward way into owning better businesses without the costume drama of trading.
- Genres
- Investment & Trading Strategies, Investing (Personal), Stocks
- Published
- Harriman House, January 5, 2016
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Start with this bookAbout this book
Quality. We all make judgments about it every day. Yet articulating a clear definition of quality in an investing context is challenging. This book addresses the challenge, and distills years of practical investing experience into a definitive account of this under-explored investment philosophy. Finance theory has it that abnormal outcomes do not persist, that exceptional performance will soon enough become average performance.
Continue reading
Quality investing involves seeking companies with the right attributes to overcome these forces of mean reversion and, crucially, owning these outstanding companies for the long term. This book pinpoints and explains the characteristics that increase the probability of a company prospering over time - as well as those that hinder such chances. Throughout, a series of fascinating real-life case studies illustrate the traits that signify quality, as well as some that flatter to deceive. The authors' firm, AKO Capital, has a strong track record of finding and investing in quality companies - helping it deliver a compound annual growth rate more than double that of the market since inception. Quality Investing sheds light on the investment philosophy, processes and tough lessons that have contributed to this consistent outperformance.
Long-Term Lens
A straightforward way into owning better businesses without the costume drama of trading.
Come here for
- long-term investing lens
- clear, practical stock-picking frame
Expect
- accessible but layered
- useful for reference and discussion
Where it sits
| Investment & Trading Strategies | 44% |
|---|---|
| Investing (Personal) | 43% |
| Stocks | 37% |
Percentages are BookFrontier’s reading of the book.
Publisher categories
- Investing
- Portfolio Management
- Authors
- Lawrence A. Cunningham, Torkell T. Eide, Patrick Hargreaves
- Publisher
- Harriman House
- Published
- January 5, 2016
- Format
- Print & ebook
- Reading lane
- Investing