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A Time Traveler's Guide to the Stock Market
Cigarettes and asphalt, my friends. Cigarettes and asphalt....
Marlboro-maker Altria Group, previously known as Philip Morris, tops the list with a truly eye-popping return of nearly $2.7 million dollars per $1 invested back at the end of 1925. Vulcan Materials — which went public under that name 1957 after a merger with Union Chemical — provided a large share of the asphalt and rock used to build the interstate highway system, was second on the list with $1 invested at that same starting point returning nearly $400,000 for ultra long-term buy-and-holders. Although he did note that actually these long-term performers had somewhat moderate returns — on an annualized basis — compared to the companies that periodically pop up throughout stock market history through surging and capturing the imagination of an entire generation of investors, before ultimately fizzling out.
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