Could it be time for a resurgence in quality?

Quality investing is a style generally characterized by companies that are financially stable with low levels of debt and that generate strong, consistent levels of profitability. These companies typically possess a competitive moat and earn a healthy spread above their cost of capital. But perhaps most importantly, they enjoy strong reinvestment opportunities and that provides them with the power to compound returns across market cycles. These businesses often command higher valuations, but quality is also widely considered one of the best-performing and most consistent investment style factors...