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Stocks to Own for a Lifetime: Identifying Industry Leaders Provides the Conviction Required to Buy Stocks We Are Willing to Hold for Decades

  • Nancy Tengler

Abstract

I have asserted that investing is iterative; investing can also be inspired by literature. Author Annie Dillard in her book, The Writing Life , offers the following advice to those who wish to create on the page: “Write as if you were dying.”1 What if we invested the same way? If like the 80-year old bond scion whose portfolio was 100 percent allocated to stocks, we invested as though our time horizon were infinite? If we bought stocks to own for a lifetime and beyond? Stocks in companies that are durable, that will stand up to long-term scrutiny. If we own only the best stocks in each sector or industry—lifetime stocks—would they not also be suitable investments for achieving our financial goals?

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Notes

  1. 1.
    Dillard, Annie. (1989) The Writing Life (New York: HarperCollins).Google Scholar
  2. 2.
    Bary, Andrew. (December 28, 2013) “A Lion in Winter.” Barron’s.Google Scholar
  3. 3.
    Hough, Jack. (June 2013) “Six Stocks That Could Double in Five Years,” Barron’s.Google Scholar
  4. 4.
    Evans, Bob. (October 9, 2012) “Larry Ellison Doesn’t Get the Cloud: The Dumbest Idea of 2013.” Forbes.Google Scholar
  5. 5.
    Rehak, Judith. (March 23, 2002) “Tylenol Made a Hero of Johnson & Johnson: The Recall that Started Them All.” The New York Times.Google Scholar
  6. 6.
    Goodman, Beverly. (January 6, 2014) “Back To School: Fama, French Discuss Their Work.” Barron’s.Google Scholar

Copyright information

© Nancy Tengler 2014

Authors and Affiliations

  • Nancy Tengler

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