I was thumbing through a bunch of stocks this weekend (which seems to be a habit), and one of them instantly convinced me that the past thirty years of investment services have been a total waste. All the analysts; all the technicians; all the IPOs; all the investment banks – – totally unnecessary.
Because one stock – and a most unlikely one at that – has been on the most incredible, almost unbroken streak I've ever witnessed. Behold: Colgate-Palmolive (CL):
Even over just the past 18 years, this sucker is up something like 6,200% (it isn't obvious, but this is a percentage chart, not a price chart). It puts Apple, Baidu, Intuitive Surgical, Google, and anything else you want to name to shame.
There really is something to be said about growth stocks. I stand in awe of this company. Obviously someone at senior management has really got their act together.
