When you’ve been in business as long as I have, you meet some interesting characters. Some of the most successful must have seemed unlikely when they started out.
One was told by the Catholic brothers at his high school that he was the most unlikely boy to succeed in life. He built a business with more than 50 staff and became a multimillionaire.
Another went from shearing sheep to building one of the country’s leading health-and-beauty businesses.
These individuals saw opportunity. And were prepared to take calculated risk.
Good investing requires you to find opportunity. In the short-run, you can get caught up with speculation into hot companies everyone is flocking to. Can be great if you get in and out at the right time.
But for patient investors looking for long-term growth and income, one of our best bets may be to find ordinarily good businesses. Facing temporary difficulty. Get that right and you may find a superb opportunity.
Which is what we’re targeting in our next pick today. It’s defensive, and it offers growth, especially in emerging markets where food and beverage consumption is increasing…
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