Lawrence A. Cunningham, Torkell T. Eide, Patrick Hargreaves

Quality Investing

Owning the Best Companies for the Long Term

• Gebundenes Buch

Produktbeschreibung

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.

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Produktdetails

• Verlag: Pan Macmillan
• Seitenzahl: 224
• Erscheinungstermin: 1. Februar 2016
• Englisch
• Abmessung: 240mm x 161mm x 17mm
• Gewicht: 524g
• ISBN-13: 9780857195128
• ISBN-10: 0857195123
• Artikelnr.: 44468136

Autorenporträt

Lawrence A. Cunningham, Torkell T. Eide and Patrick Hargreaves

Inhaltsangabe

About the Authors
Acknowledgements
Preface
Introduction
1. BUILDING BLOCKS
A. Capital Allocation
B. Return on Capital
C. Multiple Sources of Growth
D. Good Management
E. Industry Structure
F. Customer Benefits
G. Competitive Advantage
2. PATTERNS
A. Recurring Revenues
B. Friendly Middlemen
C. Toll Roads
D. Low-Price Plus
E. Pricing Power
F. Brand Strength
G. Innovation Dominance
H. Forward Integrators
I. Market Share Gainers
J. Global Capabilities and Leadership
K. Corporate Culture
L. Cost to Replicate
3. PITFALLS
A. Cyclicality
B. Technological Innovation
C. Dependency
D. Shifting Customer Preferences
4. IMPLEMENTATION
A. Challenges
B. Mistakes when Buying
C. Mistakes of Retention
D. Valuation and Market Pricing
E. Investment Process & Mistake Reduction
Epilogue
Appendix: AKO Capital and AKO Foundation
End Notes