Most of the time, my writings on this site focus on companies with excellent brand names that have a history of creating great wealth for their owners. There’s a reason for that: people will always be willing to pay more money for Colgate toothpaste than a generic store version (and that price differential is what creates shareholder wealth), and companies with brand-name protection generally don’t get crushed by inept management because the brands generally sell themselves (thus making companies with strong brands a strong ideal for those interested in intergenerational wealth transfers).
Of course, there are a lot of ways to make money in this country, and there are companies that, while they don’t have a brand-name product to sell, they do occupy a nice very well and create sustainable long-term profits for their owners.
Two such examples are McCormick and Sysco.
McCormick seems about as unsexy as a business … Read the rest of this article!