The Intelligent Quality Investor by Long Equity will equip you with all the mental models you need for assessing whether a company is investable.
This succinct and to the point book condenses and distills the key lessons every investor needs to know from the world of corporate finance, financial markets, business and economics.
Here’s a snapshot of what’s included:
-- Mental models for assessing a company’s growth, capital allocation, pricing power and valuation. -- A guide on using linearity to find compounding machines other investors have overlooked. -- Techniques for ranking and scoring companies to help separate the good from the great. -- A summary of academic research on what works in investing. -- Everything an investor needs to know about corporate finance in a couple of pages. -- A list of some of the world’s highest quality compounding machines.
Extremely rudimentary and introductory. Would be well served as a introduction to quality investing and read prior to Quality Investing, Fundsmith Letters, Sleep Letters, etc.
An easy hour read, don't let it deceive you. It's packed with terrific information, will make you stop and think about your own investment process, and introduce you to some new statistical methods to hone your skills. I'll be reading this again - soon.
Extremely basic (margins and growth are important, wow) and extremely short (of the 71 pages, 58 are musings on why things like margins and growth are important, with 13 being a list of quality companies worldwide).