I suggest thinking of “stocks” as ownership interests in strong businesses where you are getting a share of the profits and enterprise value over time as opposed to an amorphous asset class. Have a look at the work of Terry Smith, the manager of Fundsmith. Look at the businesses his fund invests in. Notice the strong returns and moderate risk.
I suggest thinking of “stocks” as ownership interests in strong businesses where you are getting a share of the profits and enterprise value over time as opposed to an amorphous asset class. Have a look at the work of Terry Smith, the manager of Fundsmith. Look at the businesses his fund invests in. Notice the strong returns and moderate risk.