CRWCY - How To Categorize Stocks As Quality Defensive And/or Value

• The primary attributes of a quality company are a) consistently high returns on capital employed and b) the ability to reinvest some of those returns at equally high rates to drive sustainable growth.
• A defensive company is one that can generate consistent sales, profits and dividends regardless of the economic environment or other volatile factors.
• I like the idea of categorising companies as some combination of Quality, Defensive and/or Value, so I'm planning on using and developing this framework over the next few years.

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