Book Review: Sustainable Financial Investments – Maximizing Corporate Profits and Long-Term Economic Value Creation
Author: Brian Bolton Publisher: Palgrave Macmillan – 231 pages Book Review by: Sonu Chandiram The word ‘sustainable’ brings to mind these adjectives: defensible, justifiable, long-lasting, persistent, reasonable, semi-permanent (if not permanent), solid, and survivable. Sometimes, companies come out with a great new gadget and its earnings double or triple. But after a few years, interest in that product wanes, or copycats come out with a similar product priced far less. The company cannot or perhaps will not compete on price, and earnings go back to the level they were before that product came out. Result: unsustainable earnings. This book...
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