Excess Returns High Quality Growth Investing in Europe with Alistair Wittet
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Aug 31, 2023 
Alistair Wittet, a Comgest portfolio manager, discusses his approach for building a portfolio of high-quality European growth companies. Topics include defining great long-term brands, the current economic situation in Europe, and how the European growth universe differs from the US one.
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Early Investing Lessons and Background
- Alistair Wittet learned investing from tracking tech stock crashes as a child, revealing early lessons about market bubbles.
- His geography background helps him see the qualitative aspects behind business numbers, adding depth to his investment approach.
Avoid Macro Risks With Quality Firms
- Wittet avoids cyclical and regulated industries to reduce macroeconomic risks like inflation.
- He favors companies with pricing power and high gross margins that control their own destiny.
Europe's Energy Transition Push
- Europe leads global energy transition with strong regulations targeting net-zero by 2050.
- Transition poses both threats and enormous growth opportunities for companies focused on sustainability.