Started reading the classic book Zen and the Art of Motorcycle Maintenance: An Inquiry Into Values recently and was struck by its multi-layered discussion on the meaning of "Quality".
When investing, we often talk about quality of earnings and management, but the book seems to suggest that "Quality" is much more nuanced and undefined. At the same time, it posits that most people can intuit what "Quality" is when it is present.
Please read the
link below as I try to unpack "Quality" using exemplary consumer-related companies like Nike
$NKE Apple
$AAPL Amazon,
Costco,
Tesla, and
Netflix. I also look at arguably lower-"Quality" ones like Peloton
$PTON and Allbirds
$BIRDShare your thoughts below in the comments section. Zen and the Art of Motorcycle Maintenance is an oldie but goodie.