AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
4min chapter
Talk Your Book: Investing in Quality Growth
Animal Spirits Podcast
Are You Looking for Sustainable Returns on Capital?
For us, first and foremost, the return on equity screen that we're looking for is an absolute. So it's not relative and it's not normalized on a per sector basis. For those sectors that typically don't have companies that qualify, then that's sort of a reflection of what we would say is relatively lower returns on capital. We certainly want to identify value in those pockets of value where we can sort of really invest and apply more money to those opportunities. It actually matters quite a fair bit, especially if you're talking about discounted cash flows.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode