When we own portions of outstanding businesses with outstanding managements, our favorite holding period is forever.
-- Warren Buffett's 1988 Berkshire Hathaway shareholder letter

When you invest with the mindset of holding for a lifetime, you think differently about the types of companies you want to invest in. While finding companies with a durable competitive advantage is important, identifying skilled CEOs can significantly increase your odds of success.

The following three companies have delivered terrific returns to shareholders and are run by talented leaders who deeply understand their respective markets. Investing alongside these CEOs could increase your net worth substantially if you can patiently hold shares for many years.

Continue reading

Source Fool.com