Money and Finance
Good question to ask management teams...
From the book
The Investment Checklist by Michael Shearn:
“If you were away for one year, which key metrics would best tell you how the business was doing?”
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Competitive Strength Vs. Sustainable Competitive Advantage
“It is important for you to distinguish a business’s competitive strength from a sustainable competitive advantage. If a business has good customer service, a quality product, and knowledgeable workforces, those are all strengths, but those can often...
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Michael Shearn Quote
"When you do not have investment opportunities that you are ready to act on, you can use your time to prepare for future opportunities. When you identify a unique business or superior management team, add the business to your inventory of ideas or watch...
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Michael Shearn On Filtering Investment Ideas
I think having the right filters is one of the most important things in the investment process, which is also something I tried to express is THIS post as well. "When filtering through the many investment opportunities the stock market is offering at...
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Threats From Foreign Competition
From the book The Investment Checklist by Michael Shearn. “A business is not threatened by foreign competition if its products cannot be shipped long distances, but if labor is a large component of the product cost, then the business will face threats...
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Competitive Advantages
These quotes are from the book The Investment Checklist by Michael Shearn. "Competitive advantages are less sustainable when they are affected by changes in technology or if they are in rapidly emerging industries. Changes in technology threaten...
Money and Finance