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Stephen Jarislowsky is a Canadian billionaire with a net worth over $1.50 billion. He's 95
His book, The Investment Zoo, is a brief overview of his opinions on life, money, investing, politics and philanthropy.
It was written in 2005
His book, The Investment Zoo, is a brief overview of his opinions on life, money, investing, politics and philanthropy.
It was written in 2005
Jarislowsky shares the story of having invested $2,000 in Abbott Laboratories $ABT and holding the shares for 50 years.
Abbott Laboratories, delivered exceptional returns, as his initial $2,000 investment compounded into $1 million
Abbott Laboratories, delivered exceptional returns, as his initial $2,000 investment compounded into $1 million
Jarislowsky attributes this result to patience and keeping an eye on the fundamentals rather than luck
Abbott turned out to be a true non‐cyclical investment that compounded gains on top of gains, year after year
Abbott turned out to be a true non‐cyclical investment that compounded gains on top of gains, year after year
The demand for its wide array of products such as pharmaceuticals, nutritional supplements and medical devices grew or remained steady over a very long time period.
Jarislowsky recommends creating diversified portfolios of high quality and well‐managed companies that are financially sound.
He favors largely non‐cyclical growth stocks that have a predictable high rate of earnings and dividend growth.
He favors largely non‐cyclical growth stocks that have a predictable high rate of earnings and dividend growth.
He is opposed to relying on Real Estate to create wealth because of the numerous liabilities attached to houses, including mortgage interest, taxes, utilities, repairs, and insurance
He's a strong believer that investors who remain invested will eventually accumulate wealth
He's a strong believer that investors who remain invested will eventually accumulate wealth
Jarislowsky shares his philosophy of money, in that he sees money as having the freedom to make a variety of choices, not as a means to enable excessive spending.
There are many cases of ultra‐wealthy who have attained their wealth through investing.
There are many cases of ultra‐wealthy who have attained their wealth through investing.
Many of them are sensitive to the value of a dollar because they know what it can compound to over the long term.
h/t "Investment Zoo" book review at https://thegiordanogroup.ca/the-giordano-groups-summer-reads-2/
h/t "Investment Zoo" book review at https://thegiordanogroup.ca/the-giordano-groups-summer-reads-2/
That's what he said in 2011:
I'd buy something with a good yield, that raises the dividend every year, has excellent management & is a leader in a stable industry, which operates all over the world. A stock like a tobacco stock or liquor stock or McDonald's or Procter & Gamble
I'd buy something with a good yield, that raises the dividend every year, has excellent management & is a leader in a stable industry, which operates all over the world. A stock like a tobacco stock or liquor stock or McDonald's or Procter & Gamble
