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Tobias Carlisle’s Followers (5)
Tobias Carlisle
* Note: these are all the books on Goodreads for this author. To add more, click here.
“An economic franchise arises from a product or service that: (1) is needed or desired; (2) is thought by its customers to have no close substitute and; (3) is not subject to price regulation. The existence of all three conditions will be demonstrated by a company’s ability to regularly price its product or service aggressively and thereby to earn high rates of return on capital. Moreover, franchises can tolerate mismanagement. Inept managers may diminish a franchise’s profitability, but they cannot inflict mortal damage.”
― The Acquirer's Multiple: How the Billionaire Contrarians of Deep Value Beat the Market
― The Acquirer's Multiple: How the Billionaire Contrarians of Deep Value Beat the Market
“Oppenheimer’s second finding is his most interesting one. He split the stocks into two groups. One had only profitable stocks, and the other, only loss makers. Oppenheimer found the loss makers beat the profitable group.”
― The Acquirer's Multiple: How the Billionaire Contrarians of Deep Value Beat the Market
― The Acquirer's Multiple: How the Billionaire Contrarians of Deep Value Beat the Market
“If you want the market return, buy the market. If you want to beat the market, you must do something different. That means buying only undervalued stocks, or concentrating.”
― The Acquirer's Multiple: How the Billionaire Contrarians of Deep Value Beat the Market
― The Acquirer's Multiple: How the Billionaire Contrarians of Deep Value Beat the Market
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