well, here is a question/reply to this old post...i recall encountering a chap about 4 years ago.he was pretty negative on the market and, well, he certainly had good reason although he may have missed out on the mania...anyway, he suggested to be in mostly cash or good divvie stocks, or t-bills...i asked him if there were any stocks he WOULD own and he quickly replied: coke, exxon, merck...i asked him why and he said, well, if there is inflation, this trio will just raise prices so you are covered, and they are leaders in the field. he said this trio just won't lose no matter what happens...
any comments from anyone ? |
