Michael Murray: Granny stocks
When looking for stock market pointers, it does no harm to run the rule over granny’s intentions
I call them “granny stocks”. They are shares that have stood up and prospered for a half a century and look set to do so for another half a century, despite major economic and political change and technological transformation. There are plenty of them.
But since the 1980s, advances in technology, weak corporate governance and financial engineering have undermined the longevity of many companies.
I became familiar, years ago, with what those with ...
