It is interesting to see such a list. This was discussed by warren buffet in his conference.
Few things:
- 14 out of 20 companies survived even after 20 years
- Three companies BAC, WMT, XOM are still above 200B list
- Infact AIG, BAC survived and multiplied after 2008 bottom
- Some companies MO, T, XOM, F, GM are dividend payers, nice returns so far, never know future.
Finally, see my statements - actually which I am planning - Anything deeply corrected, esp top 20 companies, will recover in future
Say, we find a recession bottom. At that time, we can pick up top 20 companies, and buy some LEAP calls (say 2 years). Only thing I need to analyze is that none is going to bankrupt stage in next 2 years.
Since these are top 20, they are the pullers of S&P or Nasdaq, move faster than both S&P & Nasdaq. Just see AAPL & MSFT vs S&P or QQQ, the leaders emerge faster than indexes.
This is what I am aiming as safer growth than holding 20 years.
Anyway, thanks again for thought provoking reply. Such productive discussion is rare from this blog!!