12-21-2015, 08:47 AM
(12-20-2015, 06:41 AM)Caversham Wrote: Here is a good recent Seeking Alpha Article about buying quality companies. One of my favorite quotes from it (by John Tus of Honeywell) is:
"The economic downturn has underlined the importance of maintaining a good credit rating. During good times, ratings determine what you pay for capital. In bad times, they determine your access to capital."
Great quote, and it's true. I sleep well at night knowing that the majority of my portfolio is in solid companies like XOM and JNJ. I have a stake in KMI, but it's a fraction of the size of my core positions.