A high-quality business has three fundamental attributes: return on capital employed far above the cost of capital, a strong competitive advantage or moat to sustain higher returns on capital for a long period, and sufficient reinvestment opportunities within itself at higher returns on capital to become a compounding machine.
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Speaker
Gautam BaidEvidence Quote
“A high-quality business has three fundamental attributes: return on capital employed far above the cost of capital, a strong competitive advantage or moat, and sufficient reinvestment opportunities at higher returns on capital.”
Source
Investing in Quality Businesses & the Art of Lifelong Learning w/ Gautam Baid (TIP566)— The Investor’s PodcastCreated: 8/12/2026, 10:28:19 PM
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