On the Hunt for Great Companies: An Investor's Guide to Evaluating Business Quality and Durability (Hardcover) (ISBN-13: 9781394285747)

Essential investment guide to perform sophisticated practical analysis on long-term business quality

An unparalleled practical training tool for investment analysis, On the Hunt for Great Companies: An Investor's Guide to Evaluating Business Quality and Durability helps readers move beyond using rules of thumb for companies or investment hypotheses based on broad-level pattern recognition and instead start using a more thorough approach through sophisticated empirical analysis. Readers will learn how to assess all the essential traits of a good business, including passionate management, staying power, abnormal reinvestment options, low dependency risk, and to identify emerging quality.

This book is supported by a wealth of real-world examples, both contemporary and historical, detailed original illustrations, and true business stories and anecdotes from investor and former comedian Simon Kold. In this book, readers will learn about:

• Elements of intense and durable competitive advantage such as scale economies, switching costs, network effects, brands, proprietary resources, and modest value extraction
• Methods to formulate falsifiable test statements and empirically test those predictions, rather than relying on heuristics or box-checking
• Incorporates memorable investment advice through Kold's trademark humorous style

Detailed, sophisticated, and highly actionable, On the Hunt for Great Companies: An Investor's Guide to Evaluating Business Quality and Durability is an essential for professional investors of all sizes, in all industries, in both public and private markets.