Custodians Versus Entrepreneurs: Exxon Mobil Versus Facebook |
| September 18, 2019 | September 2019 Bond Updates |
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Nobody ever waxed rich owning an electric utility. You wanna own them only when their cash yield is competitive with Treasuries, secure, likely to ratchet up 3% or 4% per annum. Then, fall back to sleep. Consolation is good relative performance in a bear market, but nowhere can you bank relatives. |
| View more at: https://www.forbes.com/sites/martinsosnoff/2019/09/17/custodians-versus-entrepreneurs-exxon-mobil-versus-facebook/ |
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