{"id":4405,"date":"2021-07-01T12:36:56","date_gmt":"2021-07-01T11:36:56","guid":{"rendered":"https:\/\/www.www.qualitygrowthinvestor.com\/?page_id=4405"},"modified":"2021-07-01T14:23:48","modified_gmt":"2021-07-01T13:23:48","slug":"qg-quarterly-issue-1","status":"publish","type":"page","link":"https:\/\/qualitygrowthinvestor.com\/newyork\/qg-quarterly-issue-1\/","title":{"rendered":"Quality Growth Quarterly Issue 1"},"content":{"rendered":"\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t

Quality Growth Quarterly Issue 1<\/h1>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t

Through our own research, we gather material which relates to Value Investing and publish a periodic summary, called \u201c<\/span>Quality Growth Quarterly\u201d<\/span>.<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
<\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t

QUALITY GROWTH QUARTERLY ISSUE 1<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t

To mark the launch of the inaugural Quality-Growth Investor Conference, we are launching a similar publication to “Value Investor Digest” which is now in its 45th issue. Each issue will feature articles relating to quality-growth investing, about the managers at our upcoming conferences, plus other articles of interest to investors. In the first issue we feature a data-driven Goldman Sachs report titled “Measuring the Re-opening of America<\/em>“, a WSJ piece on the potential for the economy to have a “Swoosh-Shaped Recovery<\/em>“, the FT reveals an earnings-flattering new pandemic reporting method called “EBITDAC”, plus we feature interviews with Rajiv Jain of GQG Partners and James Anderson of the Scottish Mortgage Investment Trust and 10 other articles.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t

THE NEW DOT-COM BUBBLE IS HERE: ONLINE ADVERTISING<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t

“What was the effect of pulling the ads? Almost none. For every dollar eBay spent on search advertising, they lost roughly 63 cents. To the marketing department everything had been going brilliantly. The high-paid consultants had believed that the campaigns that incurred the biggest losses were the most profitable: they saw brand keyword advertising not as a $20m expense, but a $245.6m return.”<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\tREAD MORE<\/span>\n\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t

SCOTTISH MORTGAGE MANAGER BLAMES BUFFETT FOR VALUE 'TRAGEDY'<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t

“…the clear evidence of the power of the internet, the increasing returns to scale it tends towards and the consequent deep competitive moats it offers. As Buffett\u2019s brilliant partner, Charlie Munger, puts it with the clarity of a 96-year-old. Too many investors are \u2018like a bunch of cod fishermen after all the cod\u2019s been overfished..maybe they should move to where the fish are.'”<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\tREAD MORE<\/span>\n\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t

STRATEGICALLY SPEAKING: GQG PARTNERS<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t

“Rajiv Jain is well aware of the immense human and economic toll of the COVID-19 pandemic but from the particular perspective of GQG Partners he sees it as a positive. As an employee-owned boutique asset manager, it is in his view inherently more resilient than many other investment firms. He declines to name names, but he sees the business models of many as under threat.”<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\tREAD MORE<\/span>\n\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t

WHY THE ECONOMIC RECOVERY WILL BE MORE OF A \u2018SWOOSH\u2019 THAN V-SHAPED<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t

\u201cUntil recently, many policy makers and corporate executives were hoping for a V-shaped economic recovery from the coronavirus pandemic: a short, sharp collapse followed by a bounce back to pre-virus levels of activity. Now, however, they expect a \u201cswoosh\u201d recovery. Named after the Nike logo, it predicts a large drop followed by a painfully slow recovery.\u201d<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\tREAD MORE<\/span>\n\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t

PANDEMIC SPAWNS NEW REPORTING TERM \u2018EBITDAC\u2019 TO FLATTER BOOKS<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t

“Companies have always strived to present their financial results in the most flattering light. Now some are going a step further, presenting a new customised metric they are calling ebitdac: earnings before interest, tax, depreciation, amortisation \u2014 and coronavirus.”<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\tREAD MORE<\/span>\n\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t

MOVE OVER, FAANGS. GOLDMAN UNVEILS EUROPE\u2019S \u2018GRANOLAS\u2019 STOCKS<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t

“Goldman Sachs, in a new research note, says the so-called GRANOLAS have been the stars. The new acronym stands for GlaxoSmithKline, Roche Holding, ASML, Nestl\u00e9, Novartis, Novo Nordisk, L\u2019Or\u00e9al, LVMH, AstraZeneca, SAP and Sano\ufb01.”<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\tREAD MORE<\/span>\n\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t

GOLDMAN SACHS: MEASURING THE REOPENING OF AMERICA<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t

“Verizon management noted that their Consumer segment saw some change in activity as government stimulus checks came in, including a greater inflow of payments and some early signs of increased retail volumes (gross adds and upgrades). PayPal saw a 135% y\/y increase in net new active accounts as holdouts in the digitization of money were forced to find alternatives to cash.”<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\tREAD MORE<\/span>\n\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t

SUSTAINABLE GROWTH ADVISERS: COMMITTED TO COGNITIVE DIVERSITY<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t

\u201cDiversity is a foundational principle at SGA for two reasons: cognitive diversity enhances the probability of investment success, and diversity is the clearest sign of meritocracy. Seven of SGA\u2019s investment committee (IC) members were born and raised outside the United States, eight speak a second language fluently, and eight studied abroad.”<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\tREAD MORE<\/span>\n\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t

RYANAIR PROPOSES NO-FARE TICKETS WITHIN A DECADE<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t

Michael O\u2019Leary said: \u201cI\u2019ve long held the view that airports are just shopping malls and I\u2019ve, therefore, never understood why we should be charged for delivering people to shopping malls. The flights will be full, and we will be making our money out of sharing the airport revenues, [out] of all the people running through airports, and getting a share of the shopping and the retail revenues.”<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\tREAD MORE<\/span>\n\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t

NOW IS NOT THE TIME TO THROW MONEY AT AIRLINES<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t

\u201cGovernments should not offer the instant bailouts airlines had begun to call for. As Michael O\u2019Leary of Ryanair has angrily pointed out, survival prospects for European operators are already being distorted by \u2018subsidy junkies\u2019 such as Air France and Lufthansa \u2018hoovering up state aid\u2019 \u2014 while Spain lobs a billion euros into Iberia and Vueling, sister companies of British Airways in the IAG group.\u201d<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\tREAD MORE<\/span>\n\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t

SUE THE GERMANS? A POWER STRUGGLE BETWEEN THE EU AND ITS BIGGEST MEMBER<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t

“Germany\u2019s constitutional court decided last week it wouldn\u2019t follow a 2018 judgment by the EU Court of Justice that cleared the central bank\u2019s debt purchases, totaling 2.7 trillion euros since 2015. German opponents of euro-area bailouts…repeatedly challenged the policies in the country\u2019s courts, which until last week broadly went along with the rescue measures.\u201d<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\tREAD MORE<\/span>\n\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t

AMAZON USED DATA FROM 3RD-PARTY SELLERS TO MAKE ITS OWN PRODUCTS<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t

\u201cAmazon employees say they have used data from third-party sellers to inform their production of competing products, bucking the company’s long-standing claims to Congress and regulators that it doesn’t. More than 20 former Amazon employees said they had collected and accessed individual sellers’ information to figure out which products they should make under its private labels.\u201d<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\tREAD MORE<\/span>\n\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t

HARVARD BUSINESS REVIEW: JACK WELCH'S APPROACH TO LEADERSHIP<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t

“Jack Welch was heralded by many as the greatest leader of his era. As CEO of General Electric from 1981 to 2001, he transformed it from a company known for appliances and lightbulbs to a multinational corporation that stretched into financial services and media as well as industrial products.\u201d<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\tREAD MORE<\/span>\n\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t

ALIBABA\u2019S HOTEL OF THE FUTURE<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t

\u201cI recently stayed at Alibaba\u2019s futuristic FlyZoo hotel, which is adjacent to its headquarters in Hangzhou, China. Here, there are no keycards and everything is cashless. It features facial recognition doors, robotic arms at the bar and even robots that deliver items to guest rooms. Alibaba hopes the property will be a model for what a hotel of the future may look like.\u201d<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\tREAD MORE<\/span>\n\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t

BOOKING HOLDINGS CEO SAYS A CORONAVIRUS VACCINE IS NEEDED TO MAKE TRAVELERS FEEL SAFE AGAIN<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t

\u201cI think no one is going to feel comfortable, fully comfortable, traveling until they can feel that they are safe and that requires either, perhaps we\u2019ll have a vaccine \u2014 hopefully not long from now \u2014 or an effective treatment would help. Until that happens, I think people are going to be concerned about travel.\u201d <\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\tREAD MORE<\/span>\n\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t

TOMORROW\u2019S INDUSTRIES WILL BE MORE SUSTAINABLE (AND MUCH MORE PROFITABLE)<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t

\u201cWhether you call it Industry 4.0, the Industrial Internet of Things, or Smart Manufacturing, the power of technology is being felt throughout the industrial world, fundamentally changing value-chains and production methods…Capgemini\u2019s Digital Transformation Institute predicts that smart manufacturing could add as much as $1.5 trillion to the overall output of the industrial sector.\u201d<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\tREAD MORE<\/span>\n\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
<\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

Quality Growth Quarterly Issue 1 Through our own research, we gather material which relates to Value Investing and publish a periodic summary, called \u201cQuality Growth Quarterly\u201d. QUALITY GROWTH QUARTERLY ISSUE 1 To mark the launch of the inaugural Quality-Growth Investor Conference, we are launching a similar publication to “Value Investor Digest” which is now in […]<\/p>\n","protected":false},"author":3,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"elementor_header_footer","meta":{"footnotes":""},"class_list":["post-4405","page","type-page","status-publish","hentry"],"yoast_head":"\nQuality Growth Quarterly Issue 1 - Quality-Growth Investor Conference New York<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Quality Growth Quarterly Issue 1 - Quality-Growth Investor Conference New York\" \/>\n<meta property=\"og:description\" content=\"Quality Growth Quarterly Issue 1 Through our own research, we gather material which relates to Value Investing and publish a periodic summary, called \u201cQuality Growth Quarterly\u201d. QUALITY GROWTH QUARTERLY ISSUE 1 To mark the launch of the inaugural Quality-Growth Investor Conference, we are launching a similar publication to “Value Investor Digest” which is now in […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/qualitygrowthinvestor.com\/newyork\/qg-quarterly-issue-1\/\" \/>\n<meta property=\"og:site_name\" content=\"Quality-Growth Investor Conference New York\" \/>\n<meta property=\"article:modified_time\" content=\"2021-07-01T13:23:48+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/qualitygrowthinvestor.com\/newyork\/qg-quarterly-issue-1\/\",\"url\":\"https:\/\/qualitygrowthinvestor.com\/newyork\/qg-quarterly-issue-1\/\",\"name\":\"Quality Growth Quarterly Issue 1 - Quality-Growth Investor Conference New York\",\"isPartOf\":{\"@id\":\"https:\/\/qualitygrowthinvestor.com\/newyork\/#website\"},\"datePublished\":\"2021-07-01T11:36:56+00:00\",\"dateModified\":\"2021-07-01T13:23:48+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/qualitygrowthinvestor.com\/newyork\/qg-quarterly-issue-1\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/qualitygrowthinvestor.com\/newyork\/qg-quarterly-issue-1\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/qualitygrowthinvestor.com\/newyork\/qg-quarterly-issue-1\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/qualitygrowthinvestor.com\/newyork\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Quality Growth Quarterly Issue 1\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/qualitygrowthinvestor.com\/newyork\/#website\",\"url\":\"https:\/\/qualitygrowthinvestor.com\/newyork\/\",\"name\":\"Quality-Growth Investor Conference New York\",\"description\":\"Quality-Growth Investor Conference New York\",\"publisher\":{\"@id\":\"https:\/\/qualitygrowthinvestor.com\/newyork\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/qualitygrowthinvestor.com\/newyork\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/qualitygrowthinvestor.com\/newyork\/#organization\",\"name\":\"Quality-Growth Investor Conference New York\",\"url\":\"https:\/\/qualitygrowthinvestor.com\/newyork\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/qualitygrowthinvestor.com\/newyork\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/s3.eu-west-2.amazonaws.com\/cdn.investorconferences.com\/wp-content\/uploads\/sites\/3\/2020\/02\/Q-G-New-White-NB-no-words.png\",\"contentUrl\":\"https:\/\/s3.eu-west-2.amazonaws.com\/cdn.investorconferences.com\/wp-content\/uploads\/sites\/3\/2020\/02\/Q-G-New-White-NB-no-words.png\",\"width\":827,\"height\":515,\"caption\":\"Quality-Growth Investor Conference New York\"},\"image\":{\"@id\":\"https:\/\/qualitygrowthinvestor.com\/newyork\/#\/schema\/logo\/image\/\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Quality Growth Quarterly Issue 1 - Quality-Growth Investor Conference New York","robots":{"index":"noindex","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"og_locale":"en_GB","og_type":"article","og_title":"Quality Growth Quarterly Issue 1 - Quality-Growth Investor Conference New York","og_description":"Quality Growth Quarterly Issue 1 Through our own research, we gather material which relates to Value Investing and publish a periodic summary, called \u201cQuality Growth Quarterly\u201d. QUALITY GROWTH QUARTERLY ISSUE 1 To mark the launch of the inaugural Quality-Growth Investor Conference, we are launching a similar publication to “Value Investor Digest” which is now in […]","og_url":"https:\/\/qualitygrowthinvestor.com\/newyork\/qg-quarterly-issue-1\/","og_site_name":"Quality-Growth Investor Conference New York","article_modified_time":"2021-07-01T13:23:48+00:00","twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/qualitygrowthinvestor.com\/newyork\/qg-quarterly-issue-1\/","url":"https:\/\/qualitygrowthinvestor.com\/newyork\/qg-quarterly-issue-1\/","name":"Quality Growth Quarterly Issue 1 - Quality-Growth Investor Conference New York","isPartOf":{"@id":"https:\/\/qualitygrowthinvestor.com\/newyork\/#website"},"datePublished":"2021-07-01T11:36:56+00:00","dateModified":"2021-07-01T13:23:48+00:00","breadcrumb":{"@id":"https:\/\/qualitygrowthinvestor.com\/newyork\/qg-quarterly-issue-1\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/qualitygrowthinvestor.com\/newyork\/qg-quarterly-issue-1\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/qualitygrowthinvestor.com\/newyork\/qg-quarterly-issue-1\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/qualitygrowthinvestor.com\/newyork\/"},{"@type":"ListItem","position":2,"name":"Quality Growth Quarterly Issue 1"}]},{"@type":"WebSite","@id":"https:\/\/qualitygrowthinvestor.com\/newyork\/#website","url":"https:\/\/qualitygrowthinvestor.com\/newyork\/","name":"Quality-Growth Investor Conference New York","description":"Quality-Growth Investor Conference New York","publisher":{"@id":"https:\/\/qualitygrowthinvestor.com\/newyork\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/qualitygrowthinvestor.com\/newyork\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/qualitygrowthinvestor.com\/newyork\/#organization","name":"Quality-Growth Investor Conference New York","url":"https:\/\/qualitygrowthinvestor.com\/newyork\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/qualitygrowthinvestor.com\/newyork\/#\/schema\/logo\/image\/","url":"https:\/\/s3.eu-west-2.amazonaws.com\/cdn.investorconferences.com\/wp-content\/uploads\/sites\/3\/2020\/02\/Q-G-New-White-NB-no-words.png","contentUrl":"https:\/\/s3.eu-west-2.amazonaws.com\/cdn.investorconferences.com\/wp-content\/uploads\/sites\/3\/2020\/02\/Q-G-New-White-NB-no-words.png","width":827,"height":515,"caption":"Quality-Growth Investor Conference New York"},"image":{"@id":"https:\/\/qualitygrowthinvestor.com\/newyork\/#\/schema\/logo\/image\/"}}]}},"_links":{"self":[{"href":"https:\/\/qualitygrowthinvestor.com\/newyork\/wp-json\/wp\/v2\/pages\/4405"}],"collection":[{"href":"https:\/\/qualitygrowthinvestor.com\/newyork\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/qualitygrowthinvestor.com\/newyork\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/qualitygrowthinvestor.com\/newyork\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/qualitygrowthinvestor.com\/newyork\/wp-json\/wp\/v2\/comments?post=4405"}],"version-history":[{"count":17,"href":"https:\/\/qualitygrowthinvestor.com\/newyork\/wp-json\/wp\/v2\/pages\/4405\/revisions"}],"predecessor-version":[{"id":4427,"href":"https:\/\/qualitygrowthinvestor.com\/newyork\/wp-json\/wp\/v2\/pages\/4405\/revisions\/4427"}],"wp:attachment":[{"href":"https:\/\/qualitygrowthinvestor.com\/newyork\/wp-json\/wp\/v2\/media?parent=4405"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}