The answer is management, plain and simple. When you invest in the stock of a company, you entrust management to be the steward of your capital and to make smart, value enhancing business decisions. It doesn’t matter how great a product is or what competitive advantages a company may have, if management makes poor decisions…
Market Updates
Well that was exciting! Please keep in mind that, as a long-term investor, what matters is the earnings power and yield of the companies in which you are invested. Just because the price of a stock drops doesn’t mean that the underlying company is deteriorating – it simply means you have the chance to buy…
What’s the Safest Long-Term Investment Theme When it Comes to Stocks?
I suppose I should define “safest” before giving my opinion. If we define safety as our confidence that the industry, business model or product will withstand the test of time, I believe the safest long-term investment theme is food. Think about it for a minute. Everyone eats food. Not everyone buys a smartphone, an electric…