How to find great companies

One of the most important steps in investing is to make sure you only buy good or great companies. So what makes a great company? Phil Oakley explains.

When it comes down to it, people are fascinated by the stock market for one simple reason they want to make lots of money.

One mistake that beginners often make is to buy the shares of companies that have been badly beaten up. They see a share that used to trade at £5 now selling for 50p, and think they've spotted a bargain.

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Phil spent 13 years as an investment analyst for both stockbroking and fund management companies.

 

After graduating with a MSc in International Banking, Economics & Finance from Liverpool Business School in 1996, Phil went to work for BWD Rensburg, a Liverpool based investment manager. In 2001, he joined ABN AMRO as a transport analyst. After a brief spell as a food retail analyst, he spent five years with ABN's very successful UK Smaller Companies team where he covered engineering, transport and support services stocks.

 

In 2007, Phil joined Halbis Capital Management as a European equities analyst. He began writing for MoneyWeek in 2010.