“A great business at a fair price is superior to a fair business at a great price… The investment game always involves considering both quality and price, and the trick is to get more quality than you pay for in price. It’s just that simple." - Charlie Munger
ByteTree Quality is an investment research service which does exactly that.
Backed by a universe of the 300 best businesses in the world, we focus on writing research that recommends and manages a concentrated portfolio of large, liquid stocks when they are very attractively priced. Discipline is central to our process.
We are seeking to buy great companies when they’re cheap and going up, and sharing our research and results with you every step of the way.
Our process defines quality as large, liquid and low-volatility companies with sustainable profitable growth, durable competitive advantages, great management teams, and attractive valuations.
This comes in the form of two monthly notes, made up of deep dives on new recommendations, updates on existing holdings, flash notes, and other commentary.
About the Editors
Charlie Morris is the Editor of The Multi-Asset Investor. Prior to this, he was the Editor of the Fleet Street Letter, a market newsletter for private investors published by Southbank Investment Research with a wide readership. He is also the Chairman and Chief Investment Officer of ByteTree, which he founded in 2014 as a platform to deliver independent, robust and thought-provoking market analysis.
Charlie has 25 years of fund management experience and is a pioneer of multi-asset investing. At HSBC Global Asset Management, he launched the Absolute Return Service in 2002, which grew to over $3 billion. Much of that success came from moving away from the crowd and embracing a wider range of asset classes that traditional investors were not familiar with at the time. Subsequently, Charlie managed the Total Return Fund at Atlantic House Fund Management until June 2020, at which point it was ranked number 1 out of 48 funds in the Trustnet Target Absolute Return Sector.
Prior to a career in finance, Charlie served as an officer in the Grenadier Guards, British Army, having graduated from the Royal Academy Sandhurst in 1994.
Kit Winder, CFA, is the senior equity analyst at ByteTree. After achieving a first-class degree in history from the University of Warwick, he has spent seven years working as an investment analyst, predominantly focused on equities at Southbank Investment Research. He joined ByteTree in March 2025, and is a Chartered Financial Analyst.
His great passion is in understanding companies, their business models, competitive advantages, and valuation, with a focus on quality. He has written for numerous highly successful research services, reaching thousands of clients and contributing to exceptional investment performance.
Outside of work, he is a keen cricketer and cook, former ski instructor, and speaks fluent French and German.
