Background
Those who read my previous articles should be no stranger to my investment philosophy following Warren Buffett's "buying the wonderful business at the fair price instead of the fair business at the wonderful price." Rather than "Value Investing", which is often confused with Cigar Butt investing or bargain hunting, I believe this approach would be better described by the term "Quality Investing."
Here comes the more formal definition, according to Wikipedia:
Quality investing is an investment strategy based on a set of clearly defined fundamental criteria that seeks to identify companies with outstanding