05-03-2014, 08:11 PM
The idea of 'core holdings' flies in the face of what we all know: change is the essence of reality. Maybe not today, maybe not tomorrow, maybe not even in my lifetime, but change will come.
Is there anything that does not change?
Basic human needs do not change. I commented on this in another topic, copied here.
Is there anything that does not change?
Basic human needs do not change. I commented on this in another topic, copied here.
- Food = GIS. To my mind, this is the single most important stock for any investor. GIS provides basic nutrition on a massive scale, and has done so for over a century. It has paid a dividend for 115 years, and it has never reduced its dividend in that time.
- Water = ???. I defer to CCC experts on this. I know there is at least one water company on the list, but I have never bothered to inform myself. Take your pick.
- Energy = KMR. For the USA investor, this is an income generator par excellence.
- Addiction = PM. If you think addiction is not a human need, look around.