PhilipHanson

I find it difficult to define my strategy precisely as I tend to take each investing situation in isolation. Consequently I have a mixture of value, growth and quality investments. However my general principles involve only buying real, established, profitable and cash generative businesses. I have a very poor record with blue sky stocks. I generally regard the Buffettesque quality approach as the ultimate model and so tend to look for companies with very strong competitive advantages, high rates of return on capital and equity, good margins and predictable growth.