3 Stocks to Buy and Hold for the Next 50 Years

Building a long-term portfolio requires detailed research, patience, and focus. It's not complicated, but it can be challenging to know when to buy high-quality stocks at reasonable prices on a consistent basis. The current market decline may provide just the right opportunity for investors to add the following high-quality stocks to long-term portfolios. Here's why Waste Management (NYSE: WM), American Tower (NYSE: AMT), and Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B) are companies you can buy and hold for half a century without much concern.

I began learning about the stock market by reading Peter Lynch's book One Up on Wall Street a long time ago. He utterly loved stocks that were boring and gross: "Better than boring alone is a stock that's boring and disgusting at the same time. Something that makes people shrug, retch or turn away in disgust is ideal." 

He explained that if a business did something unpleasant, investors would subconsciously want to avoid thinking about it, let alone buy it.

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Source Fool.com