Great businesses can continue growing through good times and bad. These are the types of stocks you want to own for the long term, as they will churn out higher revenue and net income over time, leading to a higher share price. Patience is key as management takes time to build the business, reinvest earnings, and execute business development initiatives.

However, not all growth stocks are built the same. Investors must focus on those with recognizable brands, significantly long runways for further growth, identifiable catalysts that can enable that growth to play out, and those that have built up significant market share in their respective industries. These attributes are not always easy to find, but they are essential if you are looking for stocks you can own over years or even decades.

Here are three growth stocks I will not hesitate to add to my investment portfolio.

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Source Fool.com