I wasn’t planning on a mid-week post, but the nature of investment research as that investment ideas don’t come along in regular, carefully regimented intervals. Perhaps that should be an obvious source of investment research, but I pay close attention to businesses that have multi-decade periods of compounding at a rate of 15% or more annualized. If that type of compounding is maintained for a period of twenty years or longer, there’s a fair chance that some type of competitive advantage is at work and being manifested for the benefit of shareholders.
There is one company, which I have studied on and off, that has delivered returns of over 21% since its IPO … Read the rest of this article! “21% Investment Returns Since 1978”