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Stock Performance and Longevity
This chapter explores the contrasting performance of various stocks, highlighting the enduring presence of IBM against the backdrop of more successful tech companies like Apple and Microsoft. It analyzes the rarity of companies that sustain long-term growth, the dynamics of select high-performing stocks, and the notable success of Vulcan Materials in the construction sector. The discussion culminates in an examination of strategies for investment, weighing the benefits of active stock selection versus passive index investing.