Random thoughts about stocks, investing, business and philosophy in everyday life
Some months ago I wrote an article about the historical performance of so-called “sin-stocks”. Tobacco companies have performed the best in the US, and alcohol stocks in the UK. In this article I briefly argue for the reasons why and why they most likely continue to outperform. High margins and cashflows: Margins are very high. For example, 27% of the
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Warren Buffett, the Oracle of Omaha, has been a strong advocate of buying only what you truly understand and only companies where you can estimate future earnings with a certain degree of accuracy. This requires that you only invest in companies that is within your circle of competence. I guess all of this is well known to all investors. But
Continue readingMy name is Oddmund Groette (1971) and I reside in the former USSR (but I’m a citizen of Norway). This website contains my thinking, thoughts and opinions on the subjects that interest me the most: investing, stock analysis, business and philosophy in everyday life. I have been an investor for almost 20 years (investing my own money), and I spend
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