Quality Investing: Owning the Best Companies for the Long Term

Autor:

Typ okładki:twarda okładka

EAN: 9780857195128

Opis

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. 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.

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Szczegóły

Liczba stron: 224

Wymiary: 24.2x16.7

Typ okładki:twarda okładka

Wydawca: Harriman House Publishing

Autor:

Lawrence A. Cunningham

Tytuł:Quality Investing: Owning the Best Companies for the Long Term

Kategorie:

Książki obcojęzyczne / angielskie / Business, Finance and Law

EAN: 9780857195128

Recenzje