: Sophisticated accounting controls that accurately distinguish profitable activities from unprofitable ones.
: A worthwhile profit margin that is being maintained or improved through cost efficiencies.
Written by legendary investor and first published in 1958, Common Stocks and Uncommon Profits and Other Writings is a foundational text in growth investing. It shifts the focus from purely quantitative data to qualitative analysis , emphasizing the importance of finding "uncommon" companies with superior management and long-term potential. The 15 Points for Stock Selection Common Stocks and Uncommon Profits and Other Wr...
: Leadership that views themselves as trustees of shareholder capital. The Scuttlebutt Method
: A company with more than just a handful of talented managers to ensure organizational resilience. It shifts the focus from purely quantitative data
: Research and development efforts that are highly productive relative to the company's size.
: Positive executive relations where promotions are based on merit rather than politics. : Research and development efforts that are highly
: Growth that is ideally self-funded through retained earnings to avoid shareholder dilution .