RSS Amplifier

Blog

Quality Equities

Institutional-grade research on quality compounders. Built for investors who think in decades.

qualityequities.substack.comSource feed ↗10 posts

Live Last read · last published · next check

Written by

Latest posts

How To Read A 13F

What the filing shows, what it legally hides, and why most of the coverage published this week will be wrong in the same few ways.

What Is Return on Equity — And Why It Fools You

Return on equity is one of the most widely used quality metrics in investing, and one of the easiest to manufacture. Here is what it measures, how to take it apart, and when to trust it.

Visa vs. American Express: Two Ways to Own the Same Secular Shift

One question. The capital-light network that takes no credit risk, or the integrated model that captures fifteen times as much per dollar of spend and bears the risk to do it?

What Is a Cyclical?

How to value a business at the top of its cycle.

Fair Isaac (FICO): The Score and the Scrutiny

The scoring franchise is close to unassailable. 43% of the revenue now rests on a royalty that doubled in twelve months, and the regulator has opened a door.

How to Read an Earnings Report Like an Analyst

A company can beat on earnings and the stock still falls. Here is how to read the release, listen to the call, and interpret guidance the way an analyst does.

Nvidia vs. Broadcom: Who Owns the Economics of AI Compute?

The largest buyers of Nvidia's product are funding the most credible alternative to it. Does that shift transfer economics — and which business is better priced for the answer?

How to Read a 10-K: What Matters Most

The five sections that actually matter — what to read, what to skip, and how to work through a filing in ninety minutes.

Netflix: From Subscribers to Dollars, Netflix After the Selloff

Is a monetization engine built on content that must be repurchased every year durable enough to own, now that growth is decelerating and the disclosure is thinning?

What Is a Reverse DCF? How to See What the Market Is Already Pricing In

Stop guessing a growth rate to value a stock. Take the price the market already prints, solve for the growth it assumes — then ask one question: is that achievable?