My "Desert Island Stock" Gives You Four Companies for the Price of One

My friends who don't fully get my stock-buying habits often ask "if you could own one stock for the rest of your life," or "if you had just one stock to own while you were stranded on a desert island for years," what that stock might be. They expect me to name some tech giant trading at multiples so high I'd need a NASA spacesuit to own it, or some biotech "just about" to "change the world," despite the very long odds on blind biotech bets. Or a driverless car company... or a drone manufacturer... or some other firm making a device that everyone expects to be ubiquitous in a few years... All super-sexy, exciting businesses, absolutely; fun to read about and speculate on, but not my cup of tea. And they're certainly not "the one stock." Why? Because I have no idea which tech company will own 90% of the planet in 50 years, or which will be replaced in five years by a couple of dudes in Toledo building a gaming system in their garage. When and if they reveal themselves, and they're selling cheap, maybe I'll buy 'em - maybe. But I'd definitely buy the one company that'll make it possible for all these futuristic, expensive, super-sexy mega caps to do business at all... Tags: Stocks To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2019 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post My "Desert Island Stock" Gives You Four Companies for the Price of One appeared first on Money Morning - We Make Investing Profitable .