The idea of long-term investing often sounds like a good idea. After all, what could be better than picking a few companies to invest in, buying their stock, and then sitting back and waiting for your money to grow?
Of course, it’s not always that easy. Sometimes companies go through huge transitions that cause their share price to drop drastically. Other times, financial uncertainty and recessions squeeze a company’s share price gains. But buying the right companies and holding for them for long periods of time -- think years and not months -- can be a fantastic way to invest your money. As famed investor Warren Buffett once said:
“Successful Investing takes time, discipline, and patience. No matter how great the talent or effort, some things just take time: You can't produce a baby in one month by getting nine women pregnant."
If you’re in need of a few examples of just how well a buy-and-hold approach to investing can be, then check out these companies that have rewarded their investors with share price gains that are nearly beyond belief.
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