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#8 Lawrence Cunningham: Quality Investing

Investing by the Books

CHAPTER

What's the Difference Between Equity and Equity?

In europe, you have a greater involvement of banks on both the debt an and equity side. You've got a lot of family ownership alongside the equity the institutionsand especially in italy, but even in germany, some very old family companies. And so tik as you easure, try to identify a wt, what's the advantage it o you know, a perelli or at a alprama or porsh or younow? Some of it's going to be to do with the regionstte culture, where they operate. A can come about from a lot of different perspective.

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