Hi Partner š
Welcome to this weekās šĀ free editionĀ š of Compounding Quality. Each week we talk about the financial markets and give an update on our Portfolio.
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Itās #QualityTuesday!
In this series, youāll learn 5 things about the stock market in less than 5 minutes.
How to read an annual report
You donāt know how to read an annual report?
Follow these steps:
The Art of Quality Investing
The Art of Quality Investing has sold thousands of copies already.
Together with Kyle Grieve, I discuss the essentials of the book in the Millenial Investing Podcast.
You can listen to the episode via Spotify, Apple Podcasts, and YouTube.
One simple investment quote
No matter how talented you are, there is no substitute for hard work.
Invest in companies led by hard-working managers who are genuinely passionate about their business.
Source image: David Senra - The Founders Podcast
Macro Alf
Usually I donāt recommend other newsletters, but I would like to make an exception for this one.
Macro Alf is someone I admire. As he lives in the Netherlands and I live in Belgium, we recently had lunch together and weāve been friends ever since.
Do you want to learn about macroeconomics? In that case, Alf is the person you need.
You can sign up to his newsletter here:
Example of a Quality Company
MSCI is a quality stock.
The company creates indexes for international stock markets and gets paid every time an ETF provider uses an MSCI index as a benchmark or underlying product.
This way, MSCI also benefits massively from the trend towards passive investing.
In total, the company manages over $98 trillion ($98,000,000,000,000) in assets. Over 100,000 public equities and millions of fixed-income instruments use MSCIās services.
97%. (!) of MSCIās revenue is recurring in nature.
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Thatās it for today.
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Everything in life compounds
Pieter (Compounding Quality)
Book
Order your copy of The Art of Quality Investing here
Used sources
Interactive Brokers: Portfolio data and executing all transactions
Finchat: Financial data