Superior Companies

Characteristics of superior companies

Generally, the superior companies we prefer share the following characteristics:

• Strong balance sheet
• Repeatable business model that is easy to understand
• Sustainable competitive advantage(s)
• Large and/or open-ended market opportunity
• Realistic management assumptions about the industry in which they operate
• Well-articulated and sensible business strategy
• Proven management team
• Rising free cash flows
• High standards of corporate governance and good citizenship