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Interview: A Conversation about Buffett, Berkshire & High-Quality Shareholders w/ Professor Lawrence Cunningham

Excess Returns

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How to Identify Companies With High Quality Shareholders

I want to ask you about how to identify these companies with the high density of high quality shareholders. I've got a whole write-up of the methodology that we use and it'll appear as an appendix to my book coming out in the fall called quality shareholders. We basically report two different things. One, a canvas of the existing research around this question of who are the quality shareholders, which companies attract them. And then an original data crunch empirical study that we did coming through 20 apps.

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