QualityInvesting_OwningtheBestCompaniesf.epub

Quality Investing Owning the best companies for the long term Lawrence A. Cunningham, Torkell T. Eide and Patrick Hargreaves CONTENTS Case studies About the authors Acknowledgments Preface Introduction Chapter One. 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 Chapter Two. Patterns A. Recurring Revenue 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 Chapter Three. Pitfalls A. Cyclicality CASE STUDIES ASSA ABLOY: Quality Deals Unilever: Geographic Expansion L’Oréal: The Beauty of Intangibles SGS and Intertek: When It Pays To Be Sure Syngenta: Technology Advantage KONE: Recurring Revenues Geberit: Friendly Middlemen Chr. Hansen: The Power of Magic Ingredients Ryanair: Low-Cost Squared Hermès: Pricing Power Diageo: Brand Strength Novo Nordisk: Research-Led Innovation Luxottica: Forward Integrator Fielmann: Market Shar......