Pizza maker has growth ingredients

Domino’s Pizza has delivered great returns … and there’s more to come.

I think 2013 will be another year that demonstrates buying high-quality businesses – those with the lowest risk of catastrophe and bright prospects for intrinsic value growth, at a meaningful discount to intrinsic value, will outperform the broader market.

To do that you need to buy businesses rather than trade stocks. In turn, to achieve that, you need to think about businesses and the characteristics that differentiate the great ones from the mediocre.

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