Custodians Versus Entrepreneurs: Exxon Mobil Versus Facebook

Get the Full StoryNobody 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.

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