As Warren Buffett said: “If you aren’t willing to own a stock for 10 years, don’t even think of owning it for 10 minutes.” But why stop at 10 years? Why not 30 years, or 50 years? Heck, why not 100 years?
After all, if a company is going to thrive over the next century, it will have to possess certain qualities: a strong financial position, wide competitive moat, an essential (or at least highly desirable) product or service and an ability to create shareholder value in good times and bad. In other words, thinking long-term can help you identify desirable investments and avoid risky ones.
Source: Globe and Mail
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