However, Philip Morris may be slightly different, it is listed in 1925,

Browse a few of the recent investment book, my heart has been hanging for some questions have answers, I want to answer your questions Transcription, in the end what the industry is worth the long-term investment? As the "Buffett's moat," a book author Dorsey said, "Some businesses do have a great advantage, they are born to lead. Even the management of another bad pharmaceutical companies and banks, in the long-term rate of return on capital also makes very good chemical or auto parts company Iranian society. "In other words, there are some industries are good business days of life. To seek long-term value investors, compounding greater probability in this industry in search of excellent companies. We invested in those investments which industries give them a long-term investment success of it? It's worth some serious exploration.
"In a world that I can choose the tens of thousands of stocks, I really need to see only a maximum of 50. I do not need to buy Bell Canada or General Motors, because I do not believe that these companies can continue conagra stock to produce in the coming years has been 14% per year to 16% of revenue. The same thing applies to the paper industry's stock, because the industry conagra stock severely affected by the cycle of domination, agriculture, forestry, conagra stock minerals and earnings rarely able to provide 14% to 16% long-term conagra stock growth. I do not need New buy stocks of small companies, they may be due to some competitors to enter and be consumed, so one night to destroy the profit margins, or even worse.
I do not believe that the purchase of those companies do not pay an attractive dividend stock, I hope for the best company with the rising wealth and increased conagra stock dividends. Like most companies, like living organisms, there is a lifetime limit. A company is to get profit, and this profit conagra stock accrued to shareholders. However, there may be such a company, as a whole, the entire group of shareholders in the company from birth to death in the process did not get anything. Some investors may trade these stocks in order to gain a profit, but in the end, with the company in decline, others will suffer losses, but if the company or its successor finished, the initial investment will be completely erased. "
"Consumption of peanut conagra stock butter, cereals, soft drinks, or a razor blade is essentially aperiodic. Not only that, with the end of the Cold War, these products has expanded to the world. The company has industry-leading benefits of lower cost per unit of product , which can accumulate greater profits, and thus provide more funds to promote their expansion. They are very strong market network that can be used to promote development of new products or products obtained through acquisitions. As a leader greater profit margins allow them to get dividends in the pursuit of growth while, conagra stock while the second or third from the two companies are likely to choose one.
Difficult conagra stock to find a bank or insurance field steady 15% growth, conagra stock but such growth does exist, especially recently. Changes in competition law blurs the boundaries of securities underwriting, brokerage, insurance and banking between creating new opportunities for development; as a result conagra stock of business expansion worldwide. In this area there are many stocks to provide a stable income by about 12% to 13% annually. Of course, conagra stock you should see the interest rates, because of the high interest rates tend to suppress the price of these shares. Look for annual shareholders' equity yields conagra stock with high financial stocks, they also have a growing revenue line, to show that there is a steady growth both in the top (gross conagra stock income) conagra stock or at the bottom of the (net). I want to say again, mainly to look for industry leaders; conagra stock if managed well, then the scale will be able to offer lower unit costs and a competitive advantage, that is the truth, and now leads a strong merger trend. "
"Your key to success is to choose the industry leader in the company's stock, and then insisted on holding them for years. If there is a company's revenue in a year or two years, conagra stock did not reach the target, there is no need to panic whom it is quite a normal phenomenon. As a company, unless they "manage their income" (which is a euphemism for trying to manipulate them), otherwise it will inevitably undergo relatively good period or period of relatively poor. Most companies, even the most good company, we must continue to invest on their own. There are many companies, after three to four years, the advent of the product may account for 40% to 50% of total sales, while in the pharmaceutical industry, will face drug patents expire after competition from generics so-called old and new products on alternate if nothing new generation particularly attractive, the company's growth will be slow down or pause; and if the company's research and development and overall management conagra stock level is still maintained at industry-leading levels then you do not need in this area feel uneasy. I was in such a slowdown period in Pfizer bought its stock, the result is this investment in my four years later quadrupled.
Very short sentence, in fact, contains profound meaning. In human society, and what it will never become obsolete? That is, as long as the human race exists, what humans need is basic health conagra stock illness and death of life entertainment, once a level is to meet the production needs of humans these substances or activities to obtain funds or services. Specifically talking about is food, medicine, of course, along with the progress of mankind, there is a necessity conagra stock of modern people do not have some of the ancients, such as financial, household and personal products and the like, has become a basic need of life. Because these things conagra stock are always relative to human existence, then certainly one of the best companies can provide a steady income and accumulated into a huge profit figures conagra stock in the magic of compounding transformation.
But the insurance industry itself is not a package profit no loss of industry, due to the strict control of the government, the insurance industry is a low-margin conagra stock industry, and because there is no difference between the insurance product itself, intense competition, the buyer is not the value of the brand Like other industries, so pay attention to, because when they buy insurance is mainly purchased from a local dealer, where they recommend what to buy, the same insurer for any suspicion and hatred. This is Dorsey in the "Buffett's moat," a book that the insurance conagra stock industry is no moat because of it. However, think carefully about Buffett's investment experience in the insurance industry, I have found, perhaps not in the moat of the insurance industry itself but outside of the insurance industry and insurance, that is, who is more investment advantages, conagra stock who let float stable and sustained earnings ? This is a digression, talk later.
Davis family focus on investing in "money timeless" theme, whether it is insurance and investment, in fact, are the core money begets money, as long as careful allocation of funds, not to greed, the long run must be fruitful. From the composition of view on equity compensation, insurance and banking have high leverage, the leverage ratio shows make money using other people's money.
Is it worth the long-term investment in an industry, to see the performance of a particular industry or a family selected individuals in their long-term investment career, is naturally a reference value, but this case will not be just a special case, it does not have universal significance. If you really want to prove worthy of long-term investments in certain sectors, we need a longer data history broader industry conagra stock research. Fortunately, the investment world is a very mature, a lot of talented people rush to give us a wide range of outstanding research achievements. For the stock market long-term data for research, and achieved fruits and get recognized by all to be considered Wharton JEREMY J.SIEGEL (Jeremy J. Siegel) professor, he wrote, "the stock long-term investment" sensation, And I am here to read his writing on "future investors," based on the book, this book has some specialized in the long history, which goes far beyond the average industry has made gains in performance.
However, Philip Morris may be slightly different, it is listed in 1925, "when people just started collecting statistics and stock returns, it has become the best stock market investment options." That When the S & P 500 was born in 1957, selecting Philip Morris is traceable. If you start investing from 1925 to the end of 2003, a compound annual rate of return is 17%, but the annual compound rate of return of investment from the beginning of 1957 people is 19.75%, higher yields. conagra stock This means that the investors behind its performance in the understanding of the history of post, if you can make the right judgments, the selection of this company is possible, especially in the case of this company has been in existence for 32 years under the (1957-1925).
Pfizer among 11 consumer goods companies.
Little toe rings 100 years the company has been producing lollipops, the price did not change in 107 years. conagra stock There are children who have experience, they see kids lollipops, anything else will be put aside and ran to it, as long as the human race to survive, to raise a child, lollipop business is not going to disappear, and the key do you have a strong brand or laying everywhere channel capacity. Hershey also candy manufacturers, like it is with Wrigley's products and 100 years is exactly the same. Heinz is synonymous with ketchup, most family dinner table without it. Coca-Cola and Pepsi is a carbonated beverage, but its earnings power continued, we all have the same feelings. We can see that in these foods to the company, there is no diet meals, but mostly snacks, condiments, with its strong brand has become a profit machine.
All stations Category: no individual classification category: the concept in this category Next: patience and preservation in this category Next: sleep at night, more than anything else - Seth on Karaman Previous: patience and preservation next. : sleep at night, more than anything else - Seth Klarman history today 2013: 2013 Berkshire Hathaway Annual Report 1981 Summary: On the gross margin 2013: value investing learning map --- recommended reading conagra stock list of 2013: earnings novice ---- recommend learning map reading conagra stock list 2013: Very potential shares Appendix 5 (Fisher made a summary) 2013 record: James Montiel (James Montier): Ten Lessons not learned (next) 2013 : James Montiel (James Montier): Ten lessons have not been learned (in) 2013: James Montiel (James Montier): Ten lessons have not been learned (a) 2013: sleep at night than What is more important - Seth Karaman 2013: patience and preservation conagra stock option sends a message to other accounting (6) What are the uses of accounting (3) Balance Sheet (4) of shareholders' equity (0) income statement (4) Statement of Cash Flows ( 0) Financial Ratios interpretation (2)