MoneyHeavy
Portfolio
Market View
Are we engaging in the same-ole, same-ole Nifty Fifty approach to investing?
When the market really heats up, just buy the biggest companies and expect
that they can't go down? Gloss over more careful valuations and buy at any
cost?
Well, I think a little of that is good, actually. Buying the right businesses
at the wrong price is much more rewarding than buying mediocrity at a great
price.
While I don't expect the next ten years to bring the sort of growth that
has the last ten, I continue to believe that buying great companies which
have proven time and again that they're bent on rewarding their shareholders
is a solid strategy for the private investor.
Man, it sure beats churned brokerage accounts or expensively underperforming
mutual funds! It'll be good fun keeping an eye on these ten stocks. See you
in a decade!
Fool on,
Tom Gardner
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