Quality growth companies are in fact long-term value stocks. They've outpaced our expectations, allowing us to earn returns way above our hurdle rate. The trick is to keep compounding your cash flow, NOPAT... through good times and bad. Steadiness over volatility. Financial prudence over irresponsible leverage. When the going gets tough, the tough get going.
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Why do quality stocks outperform over the long run? The below graph is pretty clear, although recent years could question the conclusions drawn from it: does high-quality always outperform lower-quality?
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Good morning! Today is Wednesday, March 20, 2019. Here are today’s big stories in Charlotte-area business news:
North Carolina retailers are pushing the General Assembly to overhaul the way the state distributes liquor. It’s a contentious debate that could have big effects on public health, state and local tax revenues and businesses — not to mention on the price of that bottle of Captain Morgan.
If you missed the last issue, you can catch up here.
“Tech is the new oil“ is now a cliche in Nigeria.
In this issue, we asked the mafia:
If tech can really make Nigeria a prosperous Nation
Here’s what the mafia had to say 👇
Freelance tech, finance and energy analyst.
The tech sector also known as the ICT sector is one of the four most prominent sectors of the Nigerian economy.
For the first time in over a month, Wisconsin Badgers football went a weekend without making me lose my fucking mind.
Shout-out bye weeks.
After a rough three weeks of gambling to start the season, I finally found some success in the Badgers' last game against Purdue. I have no doubt I will carry that momentum into the Waste Management Bowl as Wisconsin takes on Rutgers on Saturday.
Now, you might think the bye week could hurt my gambling brain, but you'd be mistaken.
Like most classicists, I’m fascinated by word origins and etymologies. Recently I was asked where the word ‘cello’ originates. As usual, the answer takes us down a maze of discoveries about words.
‘Cello’ is short for the Italian ‘violoncello’ (it used to be written ’cello to show that it was an abbreviation). It doesn’t mean ‘cell’ or ‘box’ — which is what I imagined when I started playing the cello aged 10.