When you traffic in stalwarts, you’re more or less in the foothills: 10 to 12 percent annual growth in earnings.
In fact, when anyone brags about doubling or tripling his money on a stalwart (or on any company, for that matter), your next question ought to be: “And how long did you own it?” In many instances the risk of ownership has not resulted in any advantage to the owner, who therefore took chances for nothing
always keep some stalwarts in portfolio because they offer pretty good protection during recessions and hard times.
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