Capital Returns: Investing Through the Capital Cycle by Edward Chancellor was one of the best investing books I've read in a while, so I highly recommend it. Here's my review!
Hi Mathieu , great write-up. Capital Returns is hands down my favourite investment book too. It goes well beyond the usual finance blah blah. Analyzing competitive dynamics is something most investors overlook. It’s hard work and doesn’t offer immediate answers, but in my view, it’s essential for generating long-term outperformance.
Hi Mathieu , great write-up. Capital Returns is hands down my favourite investment book too. It goes well beyond the usual finance blah blah. Analyzing competitive dynamics is something most investors overlook. It’s hard work and doesn’t offer immediate answers, but in my view, it’s essential for generating long-term outperformance.
Thanks for the comment! I couldn't agree more. You can clearly develop an edge by doing the hard work that most others won't do!