have to say if I was going to be stranded on an island for 10 years I'd have to invest in Apple and Tesla I guess so I can have a damn phone with a battery in it that would last 10 years would you not think so
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If there is one industry which is constant, and which is both recession and inflation proof, it must be that dealing with death and all concomitant services accompanying it. As the ultimate hedge against economic uncertainy, I would therefore put my Desert Island money on stocks in this sector. These include Service Corporation, Hillenbrand, Matthew International and Carriage Services. They collectively provide embalming services, caskets, urns, hearses, funere...
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According to this article (https://www.marketplace.org/2021/08/04/what-freight-rail-tells-us-about-the-economy/), Warren Buffett was once being asked which economic indicator he would choose if he were stranded on a desert island, and with access to only one set of economic statistics (e.g. consumer confidence, inflation, unemployment, etc.), and he picked freight rail traffic. The reason is that when rail is doing well, it usually means the eco...
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