Should I buy all the banks and Telstra and Woolworths and Wesfarmers like everyone else or is that stupid?

Marcus Padley

Marcus Today

I recently had a question from a Member - Should I buy all the banks and Telstra and Woolworths and Wesfarmers like everyone else or is that stupid? I wrote about this back in 1995 when I had just arrived from London. About time I updated it. The basic attraction of these stocks is that they have quasi monopolies (oligopolies) or as Morningstar put it, wide moats. They dominate their space and its very hard to compete with them. Full article: (VIEW LINK)


Marcus Padley
Director
Marcus Today

Marcus Padley founded Marcus Today in 1998 and leads the team of analysts and market commentators that publishes a daily stock market newsletter, presents four podcasts and runs an $80m Australian equity fund. He is passionate about educating and...

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