Only the Best Will Do
The compelling case for investing in quality growth businesses
By Peter Seilern
Only the Best Will Do
The compelling case for investing in quality growth businesses
By Peter Seilern
Jacket text
What if there was a uniquely safe place to put your money that also earned the best long-term returns?
In Only the Best Will Do, master investor Peter Seilern reveals everything you need to know to practise the art of quality growth investing: finding the companies that can reliably deliver steady and strong growth for the long term.
Distilling everything he has learned from a lifetime in the financial markets, Seilern enlightens the reader how to narrow down from tens of thousands of listed stocks to the select elite that belong in a quality growth investor’s portfolio.
These are shares, Seilern shows, that can be safer than bank deposits or government bonds. They also upend conventional wisdom on the merits of diversification, and reveal typical index-hugging fund management as even more self-serving and unjustified than many thought.
Quality growth businesses are the ultimate assets for those serious about making their investments work for them over the long term while minimising the risk of permanent loss of capital. You don’t even need to worry too much about overpaying. All quality growth investing requires is patience, independent thinking, and the special golden rules – revealed here in detail – for finding the very best companies in the world.
For the investor truly interested in making the most of their time in the markets, only the best will do.
About the author
Peter Seilern is chairman, director and the controlling shareholder in Seilern Investment Management. The firm was founded in 1989 and today has $1.5 billion of funds under management. It focuses exclusively on managing portfolios of quality growth stocks for institutions and high net worth individuals. Peter started his financial services career in 1973 when he joined Creditanstalt-Bankverein in Vienna. He served as an institutional portfolio manager with Hambros Bank Limited between 1979 and 1986 and managed private client portfolios for Notz, Stucki & Cie in Geneva and London from 1986 until taking the decision to start his own business three years later. This is his first book.
Reviews
One of the ‘Top20 Must-Reads of 2019’
“In Only the Best Will Do, Peter Seilern flouts the conventional investing wisdom (diversification, bah humbug!) and outlines ways to figure out which stocks can bring you the growth you want in your portfolio.”
Media coverage
From MoneyWeek:
Only the Best Will Do is an engaging book that deserves credit for spelling out in some detail just why growth investing makes sense rather than assuming readers will want to follow it. The book should be on every investor’s reading list and will be especially helpful for those who are just starting out.
From Forbes:
It’s hard to know where to focus your investments—I know I struggle with it from time to time. In Only the Best Will Do, Peter Seilern flouts the conventional investing wisdom (diversification, bah humbug!) and outlines ways to figure out which stocks can bring you the growth you want in your portfolio.
From IPE:
At the heart of Seilern’s credo is the idea that most investment managers operate with an investment universe that is too large. It is impossible for an individual, or even a team of managers, to keep on top of thousands of stocks. There is just too much information to master. So in running global portfolios,… Read more »
From Master Investor:
Overall, Only The Best Will Do is a unique manual on a style of investing that doesn’t really get the attention it deserves. Value and growth investing may dominate the active investment landscape but quality growth investing has time and again shown that it beats these philosophies. For investors looking for companies which will deliver… Read more »
From Trustnet:
Peter Seilern, author of “Only The Best Will Do” and chief investment officer of Seilern Investment Management, considers the challenges facing the European Central Bank and what the resumption of quantitatve easing could mean for savers.
Contents
Foreword by Jonathan Davis
Introduction: A Superior Way to Invest
Part I. Why
Chapter 1. Higher Returns and Lower Risk
Chapter 2. The Bigger Picture
Part II. How
Chapter 3. The Ten Golden Rules
Chapter 4. Building a Portfolio
Chapter 5. The Art of Valuation
Part III. When and Where
Chapter 6. Quality Growth in Context
Chapter 7. Financial Markets Today
Chapter 8. Conclusion
| Published: | 14/10/2019 |
|---|---|
| Edition: | 1st |
| Pages: | 200 |
| Formats: | hardback - ISBN 9780857197955 ebook - ISBN 9780857197962 audio - ISBN 0000000000024 |
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