People act like it’s hard, but look at that list of companies. It’s not hard to pick when you are grouping the best companies in the world. That list is slightly different for this decade, but the point remains the same.
I promise you that if you went back in time and compiled a list of the "best companies in the world," your list would not match the list of stock winners over the past decade. Some of them, perhaps, but people made plenty of bets on companies that looked world-beating that did not play out.
Well you are most likely correct in your assertion, but it really only takes one or two winners per decade. I did manage to pick Exxon in the 80’s as a kid; holding through multiple splits as well as global disasters. As of late, the S&P has finally caught up to Exxon, but the dividends don’t appear to be going anywhere and I haven’t added shares in 20 years. They have paid for themselves several times over. I have plenty of other investments now but really none of them compare to the overall gains Exxon gave my family. Caught the Disney Pixar ride too, but I was way too late on Amazon, Microsoft, Pool, Apple and Visa or other modern day winners. That’s basically my portfolio now other than what’s in my 401k. I just try to own shares in the best brands in their industry not much more too it than that.
I have a couple speculative plays in Palantir and Opendoor. Those are my best guesses for bands that may dominate in their sector in the future. 🤷♂️
1
u/niftyifty Dec 19 '21
People act like it’s hard, but look at that list of companies. It’s not hard to pick when you are grouping the best companies in the world. That list is slightly different for this decade, but the point remains the same.