The Rules of Investing: Is value dead?

Source: Livewire
By: Patrick Poke

Key points:

  • The three key attributes to look for are; 1) A tailwind, 2) An expanding moat, 3) An aligned culture.
  • A shrinking moat can be dangerous – just ask shareholders of Nokia and Yahoo.
  • Investor’s shouldn’t allow ‘value’ to deceive them into thinking that an investment is safe.
  • Culture is a huge differentiator between successful and unsuccessful organisations.
  • Research isn’t about getting more numbers, it’s about talking to people who know the business well.
  • Successful equities investing requires ignoring the pessimists.

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