Want $1 Million? 2 Monster Stocks to Buy and Hold for the Next Decade
In Warren Buffett's 1993 shareholder letter, the legendary value investor cited this quote: "In the short run, the market is a voting machine [...] but in the long run, the market is a weighing machine." In other words, volatility is unavoidable. At times, great companies may lose a significant portion of their value, and not-so-great companies may achieve absurd valuations, but time is the great equalizer. As years pass, the great companies will outperform their peers.
Given the recent market volatility, I think that quote is particularly timely. It serves as a reminder to look beyond the here and now, and invest your money in high-quality stocks that you plan to hold for years or even decades. Doing so helps eliminate the impact of short-term volatility, and it gives your investment thesis plenty of time to play out.
Building on that idea, I think DigitalOcean (NYSE: DOCN) and MongoDB (NASDAQ: MDB) could grow fourfold in the next decade, a pace that would turn $250,000 into $1 million. Here's what you should know.
Source Fool.com
