In august 2016, I wrote something about permanent stocks. A permanent stock is a stock with which you have a romantic relation. You're faithfull with them. You believe in them. You think about them at night. You wanna punch the face of someone saying nasty things about that stock.
At that time, I wrote that my permanent stocks were Alimentation Couche-Tard, CGI Group, Constellation Software, Ross Stores and Dollar Tree.
Dollar Tree went in the trash while all the others are still in my heart.
Some other stocks have entered my heart in 2018, by the moment Dollar Tree was out.
I'm talking about MTY Food group, Boyd Group, Google, Mastercard and Booking Holdings. I see them all as very solid businesses that either operate in a kind of monopoly or duopoly (Mastercard, Google, Booking Holdings) or that are very efficient operators that couldn't get down overnight because they're either very diversified or offer a product that won't fade away (MTY and Boyd).
It goes without saying that I would love to share a moment with the CEO's of these companies. Everybody knows that very rich people spend their time doing some very degenerate stuff like doing coke and make 3 weeks orgies with gay people with AIDS. When you're that rich, you can't do what other people do. You have to reach another level, and usually it's a level besides or over the law. So, perhaps that some of these CEO's do that kind of stuff. Actually, when I take a look at the picture of an highly respected CEO, I always say to myself that this guy has probably a lot of sperm in the ass.
But that's what makes them excellent. So, what's wrong there?