Publisher |
Harriman House Publishing |
Publication Year |
2016 |
ISBN-13 |
9780857195128 |
ISBN-10 |
9780857195128 |
Binding |
Hardcover |
Number of Pages |
224 Pages |
Language |
(English) |
Weight (grms) |
494 |
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.
Lawrence A. Cunningham
Lawrence A. Cunningham is author of The Essays of Warren Buffett: Lessons for Corporate America, an Amazon.com best-seller for which Buffett granted exclusive publication rights of his famous letters to the shareholders of Berkshire Hathaway. Professor Cunningham is a leading expert on corporate governance, serving as the Director of the Samuel and Ronnie Heyman Center on Corporate Governance at Cardozo Law School, where he also is a Professor of Law. Previously, he was an associate with Cravath, Swaine & Moore, where he practiced corporate and securities law. A frequent lecturer, he has help appointments at The George Washington University, Fordham University, and Oxford University, among others, in addition to speaking to investor groups in London, Toronto, and throughout the United States. Professor Cunningham has been featured in various media, including Forbes, Money, CNN, The News Hour with Jim Lehrer and The Motley Fool Radio Show. He graduated magna cum laude from Cordozo.
Lawrence A. Cunningham
Harriman House Publishing