Quality Management

 

-Do not stray from core competencies

-Significantly invested into own business

-Reinvestment into core competencies

-Reasonable remuneration

 

Right Valuation

 

-Low earnings, book or free cash flow multiples 

-Postive free cash flow over the long term

-High dividend yield, low payout ratio

 

Right Business Model

 

-Within our circle of competence 

-Able to survive through boom bust cycles

-Does not require extensive capital raising activities

-Competitive moat