12-22-2021, 07:52 PM
Interesting read - Kiplinger Lists the 30 Best Stocks of the Past 30 Years - https://www.kiplinger.com/investing/stoc...t-30-years
Excerpt: Number 10
Alas, the corporate structure that served investors so well is coming to an end. JNJ is set to split off its consumer health business – the one that makes Tylenol, Listerine and Band Aid – from its pharmaceuticals and medical devices divisions. The breakup is meant to free the faster-growth, higher-margin parts of J&J from the drag of its more mature, less profitable operations.It remains to be seen how that works out, but the old formula of being a sprawling, defensive dividend grower – this Dividend Aristocrat has lifted its payout annually for nearly 60 years – was indisputably a successful one.
Thanks in no small part to dividends, Johnson & Johnson’s total return comes to 4,220% from 1990 to 2020, per YCharts, versus 1,950% for the S&P 500. If you were to exclude dividends from this Dow stock’s performance, JNJ would have gained just 2,020% over those same 30 years.
It would be interesting to read what the 30 Best Stocks of the next 30 Years were, 30 years from now. (of course I will be long gone by then).
- Scoot
.......The most successful company investments in terms of wealth created for shareholders at the decade horizon also involved very substantial peak-to-trough draw-downs. Even those investments that are the most successful at long horizons typically involve painful losses over shorter horizons". - Hendrik Bessembinder (2020)
Excerpt: Number 10
- Wealth created: $535.3 billion
- Annualized dollar weighted return: 13.9%
- Country: U.S.
Alas, the corporate structure that served investors so well is coming to an end. JNJ is set to split off its consumer health business – the one that makes Tylenol, Listerine and Band Aid – from its pharmaceuticals and medical devices divisions. The breakup is meant to free the faster-growth, higher-margin parts of J&J from the drag of its more mature, less profitable operations.It remains to be seen how that works out, but the old formula of being a sprawling, defensive dividend grower – this Dividend Aristocrat has lifted its payout annually for nearly 60 years – was indisputably a successful one.
Thanks in no small part to dividends, Johnson & Johnson’s total return comes to 4,220% from 1990 to 2020, per YCharts, versus 1,950% for the S&P 500. If you were to exclude dividends from this Dow stock’s performance, JNJ would have gained just 2,020% over those same 30 years.
It would be interesting to read what the 30 Best Stocks of the next 30 Years were, 30 years from now. (of course I will be long gone by then).
- Scoot
.......The most successful company investments in terms of wealth created for shareholders at the decade horizon also involved very substantial peak-to-trough draw-downs. Even those investments that are the most successful at long horizons typically involve painful losses over shorter horizons". - Hendrik Bessembinder (2020)
