My grandpa invested in telephones and toilets. Those stocks paid for his grandchildren to go to college. What big idea categories (or specific brands) would you pick to create big money for the next generation?
I’ve heard that Altria (MO) has had one of the best total returns of any companies out there. They’ve just split up into Phillip Morris International and the domestic company though, so I’m not sure which one would be better. Smoking is addictive though, so there will always be demand for the product!
One of my long term holdings is a company called Fuel Tech, FTEK. They make add ons to coal and oil fired power plants that make them run much cleaner. In a world where carbon emmissions are becoming a huge concern, this company is in the sweet spot to capture that demand.