Friday is here. Way back machine time!
How far back are we going? 1984.
I wanted to look at some hard numbers to expound upon my previous post about the Babe Ruth style of investing, to point out how different your investing life looks when you choose to play it safe by selling a successful investment to apply the “you never go broke taking a profit” logic and, say, decide to inventory the profits at a certain point by diverting them to something like an S&P 500 Index Fund.
Candidate 1: Disney
In June 1984, you could have put $10,000 into Disney, by that point the largest media conglomerate on earth. During the … Read the rest of this article!