Reading Reports to Guide Investments: Earning Profits the Old-Fashioned Way

Following the recent news that 81% of S&P 500 Index companies published 2015 corporate responsibility reports, it seems only right that someone has decided to read them—and more. GCA Capital fund manager Geoffrey Abbott is working his way through 3,000 reports from the largest U.S. companies, according to the WSJ. The 30 year-old investor is searching for worthy investments by reading, rather than crunching data and tweaking algorithms. He wants to see whether managers are focused on the long term, care about investors, and can clearly explain how the business makes money and how they measure its progress toward their goals. Abbott has picked out 16 of the first 1,000 reports he’s read as “outstanding.” Some lessons to be learned here.

John Howell, Editorial Director

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