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SPGI (S&P Global Inc). It is a collection of growing moats as financial information becomes more valuable. Platts (the petroleum pricing platform), the S&P & Dow indices, and IHS Market (Fixed income and credit spread indices).
Gross profit margin of 72%, bringing in $107k per employee. It’s the kind of business where the managers go play golf as the money flows in.
Berkshire Hathaway. Even though Buffett will be 100 in 10 years (and probably still running Berkshire…) the company seems to be built to last. They have an interesting buyback plan in place that keeps the stock from completely tanking. I think of Berkshire as “my bond that doesn’t pay interest.” The retained interest/dividend is probably better invested by the company than me. It’s worked out ok over several decades.
They’re buying back 5% of shares a year with their cash hoard. BRK is my favourite index fund.
Many complain that it’s stock will not increase in value at the blistering rate it once did. I suspect the company was indeed built on a solid foundation and those who hold onto it for the long term will be pleased with it’s performance.
Apple, directly or through the Funds that hold it.
Great question. Very difficult for me to answer, but I’d say Microsoft. They’ve been a relevant and crucial tech company for decades and it’s difficult to imagine their products and services won’t be needed over the next 10 years. Plus they are probably the least obnoxious of all of the horrible big tech companies.
All of them 🙂 – large or small, local or remote. That explains the Total Stock Market Index ETFs in my portfolio.
If I did buy individual stocks I would probably consider Apple.
Boston Omaha. I own mostly index funds, but I do own this. It’s a conglomerate that is trying to mimic Berkshire Hathaway’s principles, but with a 21st century flavor to massively grow (they sponsor a spac that led them to acquire a company that produces private airplane hangers). Their businesses are boring, cash machines (billboards, surety bonds, rural broadband as well as minority stakes in some excellent companies too); the CO-CEOs appear to be excellent capital allocators. I really like the company ethos across the board.
Exxon. Not real happy about their role in climate change but we’ve owned the stock for decades and the capital gains hit we’d take if we sold would be substantial. Plus it does pay a good dividend.
So not sure we’re “happily” holding it, but we’d be very unhappy if we sold!
Aflac. We’ve already had it for many years, it keeps paying a wonderful dividend and has more than doubled since we bought it. Even better, it’s a dividend aristocrat.