> obviously the investors 95 years ago in the F.W. Woolworth Company and the Kennecott Mines Company didn't do quite as well, which is precisely why nobody would write an article today about buying and holding Woolworth's stock.
I don’t know about Kennecott Mines, but Woolworth’s never missed a quarterly dividend payment from 1926 until 1995, and they resumed again in 2003 (they are now named Foot Locker, FYI). Nobody who bought Woolworth stock in 1926 lost money if they just HODL and passed it on to their kids.
What would their annualized return be? Kennecott's not out of business either. But these two were among the 12 stocks in the DJIA in 01926—the most blue-chip of the blue-chip.
I don’t know about Kennecott Mines, but Woolworth’s never missed a quarterly dividend payment from 1926 until 1995, and they resumed again in 2003 (they are now named Foot Locker, FYI). Nobody who bought Woolworth stock in 1926 lost money if they just HODL and passed it on to their kids.