Description
Valuing and Investing in Equities
CROCI: Cash Return on Capital Investment
Author: Curto Francesco
Language: EnglishSubjects for Valuing and Investing in Equities:
Support: Print on demand
Description
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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?s attention.
1. Investment and valuation
Section 1 CROCI on valuation 2. Valuing non-financial companies 3. The analytical idiosyncrasies of banks 4. Stock picking based on economic fundamentals
Section 2 CROCI on investing 5. The performance of economic value 6. Value investing and dividends 7. Diversified investments: CROCI real earnings weighted 8. Thematic investments < CROCI intellectual capital
Section 3 Through the looking glass 9. Equities, inflation and valuation 10. Bubbles in equities 11. Odysseus on valuing and investing in equities
He has a vast experience in the financial services industry, having been senior European and global strategist. He has been involved in all the major developments of CROCI® since joining the team in 1998 from Warwick Business School, where he was a Research Fellow. He holds a degree in Business Economics (Economia Aziendale) from "Università di Venezia" and a PhD in Strategic Management from Warwick University. His interests are fundamental valuation, value strategies, politics, economics and the dynamics of industrial and corporate change and he is a regular guest-host at CNBC.
- Describes the Cash Return on Capital Invested (CROCI) methodology
- Provides a step by step approach in building investment strategies
- Presents 25 years of insights from CROCI’s valuation and investment results