It’s far more lucrative – over the long-term - to invest in companies that brew beer than those that produce steel, according to a study by Philosophical Economics.
Ingram said that there are some good lessons for us in the “steel vs beer” comparison.
Scroll down for quotes from the audio below.
Beer companies are great businesses over longer terms.— Warren Ingram, Galileo Capital Financial Advisor
How do commodity businesses create demand during downturns? It’s impossible!— Warren Ingram, Galileo Capital Financial Advisor
Steel is steel.— Warren Ingram, Galileo Capital Financial Advisor
The steel sector is a ‘price taker’ and not a great investment in the long-term.— Warren Ingram, Galileo Capital Financial Advisor
Beer will always be in demand!— Warren Ingram, Galileo Capital Financial Advisor
If you put $1000 dollars into steel in 1933 – consider the construction that came after- it would’ve grown into $57 000 today. Had you invested in beer it would be worth $26 million! That’s 460 times better!— Warren Ingram, Galileo Capital Financial Advisor
I wouldn’t sell my SABMiller shares now; I would hold on!— Warren Ingram, Galileo Capital Financial Advisor
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