Valuing and Investing in Equities —— CROCI: Cash Return on Capital Investment

----- 评估和投资股票：资本投资的现金回报

ISBN: 9780128138489 出版年：2020 页码：229 Curto, Francesco Academic Press_RM

Valuing and Investing in Equities: CROCI: Cash Return on Capital Investment develops a common-sense framework for value investors. By distinguishing investors from speculators, it acknowledges the variety of styles and goals in the financial markets. After explaining the intuition behind due diligence, portfolio construction, and stock picking, it shows the reader how to perform these steps and how to evaluate their results. Francesco Curto illuminates the costs and opportunities afforded by valuation strategies, inflation, and bubbles, emphasizing their effects on each other within the CROCI framework. Balancing analytics with an engaging clarity, the book neatly describes a comprehensive, time-tested approach to investing. Annual returns from this investment approach demand everyone attention. Describes the Cash Return on Capital Invested (CROCI) methodologyProvides a step by step approach in building investment strategiesPresents 25 years of insights from CROCI valuation and investment results