Metropolis Capital On Finding High-Quality Businesses

The key to successful long-term investing is to buy high-quality companies with a substantial competitive advantage at attractive prices and hold for the long-term, resisting the temptation to tinker with your portfolio in the meantime. The hardest part of this strategy is finding the high-quality companies with the most attractive economic moats or competitive advantages in the first place, and it seems as if every investor has a different method of separating the wheat from the chaff. Paying Too Much For High-Quality Stocks: The Chief Hazard To Investors In this month’s issue of Value Investor Insight, Simon Denison-Smith and Jonathan…