With my thought above, i did not specifically mean these two stocks but yes, these two groups are excellent ones to look forward to…and such similar promoters, if any.
IMO question in buy and hold strategy is not just about wealth creation but more about wealth preservation. Question we need to ask is can such companies, such promoters, such businesses have the ability to preserve and decently grow the wealth once created or not, can they increase the dividends subsequently at equal or rather greater rates than their profits (that’s because as growth phase diminishes, payouts should increase) etc…that’s because there are numerous stories of paper profits and wealth creation & subsequent erosion…
Many groups, promoters, businesses can create wealth…but only a few have the capability of preserve it…and IMO only such companies/groups should qualify as buy & hold.
Disc: views only for academic purposes. Not a buy sell recommendation. Not eligible for any advice & can be completely wrong in all my assessments
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