Capital Returns by Edward Chancellor

✅ Premium Off-White Cream Pages

✅ Stitched Binding

✅ Matte Cover

✅ Local Premium Copy

✅ Language - English

✅ Dimensions - 5.5 x 8.26 inches

✅ Pages Amount 246

✅ Summary -

Capital Returns: Investing Through the Capital Cycle, edited by Edward Chancellor, is a compilation of reports from Marathon Asset Management that outlines an investment philosophy centered on analyzing capital flows. The core idea is that high returns in an industry attract excess capital, leading to overcapacity and a decline in future profitability, while low returns repel capital, eventually setting the stage for a recovery in profits for remaining firms.