RE:RE:RE:RE:RE:RE:RE:Trying to Become another Brookfield is not the Right AnswerObvious but not the whole story, see below.
born2trade wrote: It is lot easier to connect dots looking backwards . In 1900 , there were 2000 carmakers in the world and a century later we just have handfuls (Warren Buffer in 2001) . likewise post 2000 , there were thousands of internet companies and few years later most went belly up.
That is what everyone likes to tell me EXCEPT I started buying RBC and TD shares in 1985. I have only ever traded CIBC on short term, up to 24 month holds, no long term holds, and I have never owned BMO, Laurentian etc in 35 years. That wasn't hindsight. As far as the comment re Tech stocks etc. I have said many times before, long term buy and hold is restricted to dividend paying Blue chips that grow their dividends, are DRIP eleigible and have strong balance sheets in Indutries dominated by Oligopolies. So Banking, Communication, Piprllines and Utilites. Within those induustries only hold the top two or 3 companies, and if the best changes, over a decade or two, switch your investment to them. This stuff is not hard to figure out; yes it is slow and boring, you won't get rich fast doing this, but not swinging for the fences also means you never lose a bundle either.