Why Visa Stock Perpetually Outperforms

Barnett Helzberg Jr., whose family sold the eponymously named Helzberg Diamonds to become part of Warren Buffett’s collection of subsidiaries at Berkshire Hathaway, said that the hardest part of growing his business involved (1) the high capital expenditures necessary to open up new jewelry stores and (2) the difficulty in determining the highest and best use of Helzberg’s business opportunities, as it is not always apparent ahead of time whether resources should be dedicated towards strengthening high-performing stores or combating the weaknesses at low-performing stores.

I have made no secret of the fact that Visa stock is the most essential stock that can be owned in one’s collection of investments because of the company’s market dominance (it processes more transactions daily than its nearest competitors Mastercard, Discover, and American Express combined) and the long-term megatrend in favor of electronic rather than cash transactions (this latter insight is not original to … Read the rest of this article!