Quote:
Originally Posted by Rambler1
I'm sure I'm being leveled, but I'll still respond because I'm bored.
So let me get this straight - when I'm considering various companies to invest in, I should not worry at all about growth potential. Instead, I should look for companies that "focus on providing a product or service to society that they themselves would buy for that price."
IMO, you're saying things that may sound somewhat intellectual at first blush, but when you read them again, you realize they are completely devoid of substance.
Well, the companies that have made money consistently for 100 year periods are companies like Coca Cola, Kraft, Proctor and Gamble, and even Exxon. These companies all produce products that those involved with the company would buy at the same retail price they are trying to sell to the consumer at.
The two most successful technology companies of the last 30 years, Microsoft and Apple, both sell products that are bought by the families of those at Microsoft and Apple.
Take a look at the most successful businesses in your hometown. Which ones withstand the test of time? The ones that survive are businesses that offer value to the community. They are selling to the community a product or service that they use themselves, and they would have no problem suggesting to those they care about to buy the product.
Compare that to most of the thinking done by a majority of people like you. The first thing you are thinking about is what YOU can get out of it. People like you are usually willing to offer the public a product or service that you would NEVER buy yourself at that price.
And that is why you are who you are, and there is very little chance that you will have a positive impact on society. You need professional help. Better yet, it is probably best if you took 6 months off and went to the library or studied on your computer. If you cannot figure out that the great companies ALWAYS offer a product or service to the public that owners of the companies would feel comfortable having their family members buy, then you will be sitting in the corner with a dunce cap on for the rest of your life.
Another great company is Costco. There are a number of great companies. Great companies get the profits. Keep investing in crap and watching CNBC. You will be a laughingstock until you can start thinking about things in an honest way.