Source: Online.
Background
As my frequent SA readers may have realized, I am extremely "loyal" to the investment approach of "buying wonderful businesses at fair prices." When it comes to stock picks, this approach limits me to only those with good business economics: e.g., consistently superior returns on capital, internal opportunities of reinvesting at attractive rates of return, durable competitive edge, able management, and good long-term prospects.
As you might imagine, such picks seldom trade at attractive valuations, especially in today's market hitting all-time highs. Just check my previous coverages on Hermes International (HESAY