Long-Term Investment Strategies: Focusing on Quality Companies

The goal of long-term investors is to find excellent businesses, purchase them, and never need to sell. Better results occur when the default is set to "never" sell. Two companies that have earned a spot on the "never" sell list are Amazon (NASDAQ: AMZN) and Winmark (NASDAQ: WINA). Amazon is the go-to online marketplace for millions of people, and its market share lead should be sustained due to increased demand for its cloud infrastructure with Amazon Web Services (AWS). AWS` revenue growth of 17% in Q1 2024 was outpaced by advertising, which grew by 24% to $12 billion. Winmark, a franchisor of stores that resell used items, has been a winning stock for a long time, but its business model, where most costs are borne by franchisees, provides attractive