Twenty years can turn a good business into a very different investment. A company may spend the first several years building a product, distribution network or customer base before the benefits become visible in earnings. Once those investments start producing cash, shareholders can benefit from both a larger business and the reinvestment of its profits. The difficulty is recognizing which growth opportunities can survive competition, economic downturns and changes in technology for that...
20 Best Performing Stocks Over the Last 20 Years
