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Investing Against the Tide
book

Investing Against the Tide

by Anthony Bolton
December 2012
Intermediate to advanced
179 pages
3h 13m
English
Pearson Education
Content preview from Investing Against the Tide

Anthony Bolton’s lessons from a life running money

Companies

  • Start by evaluating the quality of the franchise
  • Will it be here in ten years’ time and be more valuable?
  • Is the company in control of its own destiny?
  • Is the business model easy to understand?
  • Does the business generate cash?
  • Remember, mean reversion is one of the great truisms of capitalism
  • Beware company guidance
  • Use part of a company meeting to talk about other companies
  • If you have any doubts about a company, follow the cash

What to look for in management

  • Integrity and openness are most important
  • If you have any questions on competency or trustworthiness, avoid the company
  • Do they have a detailed knowledge of the business strategically, operationally and financially?
  • Are the ...
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Publisher Resources

ISBN: 9780273747079