Kraft-Heinz has excellent operating subsidiaries. The Heinz ketchup brand, launched shortly after the American Civil War, has a near monopoly on the American ketchup industry that has been untouched for over two centuries. If it were still a standalone company, it would be one of the top two dozen businesses in the world that you could hold for a 50+ year time frame. Since 2015, it has been merged with Kraft, giving the combined company a towering position in the cheese, ketchup, and grocery store meats categories.
But when you intend to build wealth, using a largely passive approach where you are maniacal in your analysis on the front-end of getting the decision right but taken on a hands-free approach once the pile of capital is allocated and then focus your future gaze towards adding to the collection, you ought to be focused on two components:
The quality of earnings: … Read the rest of this article!