Ten golden rules of equity investing Quotes

“How much economic profit a sector or industry tends to produce is often a function of how difficult it is to enter. High entry barriers can therefore provide a sustainable competitive advantage for incumbents. Take”
― Hugh Young, Ten golden rules of equity investing

“Think of a 20% fall in a share price as you would a 20% sale at a department store – an opportunity to get a bargain.”
― Hugh Young, Ten golden rules of equity investing

“A focus on top line revenues tends to be great for stakeholders such as employees, suppliers and bankers, but rarely for minority shareholders. Sticking to what you’re good at is often a good tenet.”
― Hugh Young, Ten golden rules of equity investing

“Walk away if there is something about a business that doesn’t make sense, such as how an industry with low barriers to entry creates profits well in excess of the cost of capital.”
― Hugh Young, Ten golden rules of equity investing

“the best way to judge whether the controlling party will act fairly in the future is to see whether it has acted fairly in the past.”
― Hugh Young, Ten golden rules of equity investing