Buffett-style criteria:
1. A strong economic franchise,
2. Managers of integrity and talent,
3. Excellent accounting numbers, and
4. A reasonable price.
If you want to get even deeper understanding there is much more on this in my books The Financial Times Guide to Value Investing, The Great Investors, The Deals of Warren Buffett Volume 1 and The Deals of Warren Buffett Volume 2
Below are the results of this strategy.
I present the returns after taking the hit on broker costs, stamp duty and bid/offer spread.
1. A strong economic franchise,
2. Managers of integrity and talent,
3. Excellent accounting numbers, and
4. A reasonable price.
If you want to get even deeper understanding there is much more on this in my books The Financial Times Guide to Value Investing, The Great Investors, The Deals of Warren Buffett Volume 1 and The Deals of Warren Buffett Volume 2
Below are the results of this strategy.
I present the returns after taking the hit on broker costs, stamp duty and bid/offer spread.
| Company | Purchase date | Purchase price | Divs to 31 dec 2019 |
Price 31 dec 2019 | Return to 31 dec 2019 |
|---|---|---|---|---|---|
| Dewhurst | 09-04-14 | 318p | 61,25p | 770p | 161% |
| MS International | 09-10-19 | 172,3p | 0 | 172p | 0% |