Capital returns investing through the capital cycle: a money manager's reports 2002-15 (Record no. 358318)

MARC details
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020 ## - INTERNATIONAL STANDARD BOOK NUMBER
International Standard Book Number 9781349959020
040 ## - CATALOGING SOURCE
Transcribing agency AACR-II
082 ## - DEWEY DECIMAL CLASSIFICATION NUMBER
Classification number 332.041 CAP
245 ## - TITLE STATEMENT
Title Capital returns investing through the capital cycle: a money manager's reports 2002-15
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Place of publication, distribution, etc. New York
Name of publisher, distributor, etc. Palgrave
Date of publication, distribution, etc. 2016
300 ## - PHYSICAL DESCRIPTION
Extent 211p.
520 ## - SUMMARY, ETC.
Summary, etc. This book provides expert, example-driven guidance on the crash-beating capital cycle approach to investing, successfully deployed by Marathon Asset Management over the past two decades.<br/>This was the case with both the technology bubble at the turn of the century and the US housing bubble which followed shortly after. More recently, vast sums have been invested in mining and energy. From an investor's perspective, the trick is to avoid investing in sectors, or markets, where investment spending is unduly elevated and competition is fierce, and to put one's money to work where capital expenditure is depressed, competitive conditions are more favourable and, as a result, prospective investment returns are higher. This capital cycle strategy encourages investors to eschew the simple 'growth' and 'value' dichotomy and identify firms that can deliver superior returns either because capital has been taken out of an industry, or because the business has strong barriers to entry (what Warren Buffett refers to as a 'moat'). Some of Marathon's most successful investments have come from obscure, sometimes niche operations whose businesses are protected from the destructive forces of the capital cycle. Capital Returns is a comprehensive introduction to the theory and practical implementation of the capital cycle approach to investment. Edited and with an introduction by Edward Chancellor, the book brings together 60 of the most insightful reports written between 2002 and 2014 by Marathon portfolio managers.
600 ## - SUBJECT ADDED ENTRY--PERSONAL NAME
Personal name Economic Sector
9 (RLIN) 10748
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Economics-Money-Capital
9 (RLIN) 10749
710 ## - ADDED ENTRY--CORPORATE NAME
Corporate name or jurisdiction name as entry element Chancellor, Edward ed.
9 (RLIN) 10750
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Source of classification or shelving scheme Dewey Decimal Classification
Koha item type Books
Holdings
Date last seen Total Checkouts Full call number Barcode Price effective from Koha item type Lost status Source of classification or shelving scheme Damaged status Not for loan Withdrawn status Home library Current library Date acquired Cost, normal purchase price
2025-05-19   332.041 CAP 177214 2025-05-19 Books Not Missing Dewey Decimal Classification Not Damaged     Gandhi Smriti Library Gandhi Smriti Library 2025-05-19 899.00

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