Uncovering value over the long term.

Investments that can sustainably earn a high return on capital over a holding period in excess of 5 years.

Investments I seek are characterised by a strong customer value proposition and enduring competitive advantages which allows them to supersede conventional market cycle dynamics. These businesses preferably possess some combination of a long track record of consistent earnings growth driven by stable or increasing pricing, structural tailwinds to growth in volumes and a controllable cost base that requires minimal additional expenditure (whether operating or capital) as the business scales.

This personal blog will feature public equity investment ideas aligned to my style. 

Fred Skulley
Fred Skulley

CFA Level III Candidate.
B.Comm University of Sydney (Finance, Economics & Accounting).

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