This Stock Is Up 186% Since 2018, and Most Investors Have Still Never Heard of It
Successful investing requires many things. From patience to discipline to resolve, those who win at investing often hone a variety of qualities. Absent from this list, however, is an interest in riding the bandwagon. Investors need not pack their portfolios with popular stocks to generate outsized returns. Take (NASDAQ: LIN), for example, a leader in the production of industrial gases that flies under most investors' radars.
Although most investors don't recognize its name, Linde stock has outperformed the S 500 index considerably over the past five years. Soaring more than 186%, Linde stock has generated a total return that more than doubles the 90% total return of the S 500. And there's no reason to think that its best days are behind it -- especially with a backlog that exceeds $8 billion.
Not every market leader will turn out to be a successful investment, but finding stalwart businesses that hold dominant positions in their industries is a great place to start -- such is the case with Linde, which has extensive global operations and is the largest industrial gases stock by market capitalization. Building a robust infrastructure of broad industrial gas production and distribution is no simple feat. Consequently, the company is not likely to find new companies pressuring to compete with it.
Source Fool.com