Each week, a professional investor tells MoneyWeek where she’d put her money now. This week: Lucy Macdonald, co-manager, Brunner Investment Trust.
Companies that have the opportunity and scope to grow, and the proven ability to do so profitably and sustainably, are great generators of long-term wealth for investors.
Growth can be derived from innovation and product development and/or by accessing new markets with existing products. We prefer this kind of ‘organic’ growth, but small, targeted and appropriately valued acquisitions can also accelerate development.
Returns on investment that are higher than average and slow to fade, whether due to patents [...]
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