Modified buy and hold

That’s it. That’s the top. Surely this post must prove it!

I think you will certainly find JNJ, and probably MMM have been in some of the best investors’ portfolios for decades. When contemplating selling from time to time, they have had the special ability to go to a dark room and lie down until the feeling went away.

It’s all about compounding. You hope to achieve ‘returns of several times the S&P’? No, no - you cannot be serious! You will be something of a phenomenon as an investor if you can beat it by a good margin over the years. You were joking of course.

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