2024 the best investments review

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(as of Nov 28, 2024 22:05:10 UTC - Details)

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.

ASIN ‏ : ‎ 0857195123
Publisher ‏ : ‎ Harriman House; 1st edition (January 5, 2016)
Language ‏ : ‎ English
Hardcover ‏ : ‎ 350 pages
ISBN-10 ‏ : ‎ 9780857195128
ISBN-13 ‏ : ‎ 978-0857195128
Item Weight ‏ : ‎ 2.31 pounds
Dimensions ‏ : ‎ 6.65 x 0.81 x 9.43 inches
Reviewer: brendan
Rating: 5.0 out of 5 stars
Title: Shockingly good. Another reviewer complains that there's no "framework" here
Review: 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 > electromagnetics > quantum, etc.More commonly in other fields there's some basic useful framework everyone should learn right away, but once that's mastered progress is all about filling your head with and deeply internalizing a huge number of relatively simple facts, stories, and patterns. (Of course academics and their imitators do not accept this reality and pretend instead that the structure of knowledge in micro, macro, or psych - don't even get me started on biases/heuristics popularizations - can be reduced to a series of neat interlocking frameworks.)Anyhow this book is packed dense with these useful chunks, and the more you've got stored away the more likely a light bulb of familiarity flickers in your head when you crack open a new 10-K.For example, there's this company called Clearone that I've followed awhile that makes puzzlingly high gross margins considering what they do - video conferencing equipment. But it clicked when I read this book's chapter on how friendly middlemen can create unusually strong businesses, i.e. optometrists always recommending a particular brand of high quality glasses because he cares not at all about price.Clearone sells to a friendly non-price sensitive middleman - big system integrators that do large scale technology installments for universities, corporations, hospitals, etc.Anyhow, the book is great, dense, legitimately useful, and minimally redundant with other investing books because it skips the usual routine of either romanticizing basic value investing concepts or trying to force fit some artificial framework on the tangled mess of knowledge that is useful to investing.

Reviewer: PH
Rating: 5.0 out of 5 stars
Title: Excellent read
Review: Quality investing is something Terry Smith has made mainstream recently. This book provides a framework and understanding of what makes certain companies better than others.

Reviewer: Joshua T. Hill
Rating: 4.0 out of 5 stars
Title: Solid Book
Review: 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.

Reviewer: Roshan
Rating: 5.0 out of 5 stars
Title: The best
Review: Best for quality analysis most read book

Reviewer: Jose Antonio La Rosa
Rating: 5.0 out of 5 stars
Title: Awesome book!!!
Review: So very well written and truthful!.Thank you very much for all the examples and for cutting to the chase along all the book.Loved it!!!

Reviewer: Massahjuliet
Rating: 5.0 out of 5 stars
Title: Easy read
Review: We are trying to get into investments so my husband and I got this book. It is an easy read and very informative. We learned a lot.

Reviewer: S. Ch.
Rating: 3.0 out of 5 stars
Title: Worth a read
Review: Some exceptionally good parts with interesting insights and some parts which are rambling, not very well thought through and don't seem to be written with conviction, probably reflecting the styles of different analysts or managers within the fund. All in all, for those who subscribe to Buffett's philosophy of looking for great companies at a fair price, this is a useful introduction to how to think about companies.

Reviewer: Amazon Customer
Rating: 5.0 out of 5 stars
Title: Great learning tool!
Review: Great read! I’ve listened to this already on Audible and bought the physical version as well. I’ve learned a lot about investing and business fundamentals from it. Recommended!

Reviewer: Athilas A. de Lima
Rating: 5.0 out of 5 stars
Title:
Review: Excelente livro, recomendo!

Reviewer: NZZ
Rating: 5.0 out of 5 stars
Title:
Review: The product arrived in good condition. This is one of my fav books. It doesn’t really tell you much about valuation but def defines the qualitative component of stock selection. It’s helpful they provide names that didn’t work out and why. An important read for anyone into quality investing.

Reviewer: Carlos Luis Figueredo Bravo
Rating: 5.0 out of 5 stars
Title:
Review: The book gives fantastic insights into what makes a business truly great, besides superficial performance and growth. Moreover it gives a framework into looking for greatness while investing. Must read for professional long-term oriented investors and even for enthusiast trying to build their own long-term portfolio.

Reviewer: paloma de las morenas
Rating: 5.0 out of 5 stars
Title:
Review: REGALO

Reviewer: Em H
Rating: 5.0 out of 5 stars
Title:
Review: ...my advice would be to read this one.I've read lots and lots of book on investing, but I'd recommend this one above them all. The main thesis of the book is to concentrate on quality companies rather than cheap shares. The idea being that companies with a competitive advantage that are well run and make consistent returns turn out, in the long-run to give higher returns.A look back at history proves this to be the case. So I suggest reading, digesting and acting, and you should be on the correct track.