If you are aiming to be a long term “buy and hold” or “neversell” investor, one of the implicit assumptions you are making with this is that your businesses will survive.
One of the best places to look for businesses that will be around for a long time in the future is to look at businesses that have been around a long time!
The concept of Lindy being that these businesses keep getting tougher and tougher to kill as opposed to turkeys waiting to be slaughtered. In this free piece, I go over some businesses briefly that I believe exhibit characteristics of the Lindy effect and some thoughts on why that is.
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An amazing read, thank you so much for sharing Simon!
I was not familiar with the Lindy Effect before this. It initially struck me as something similar to the concept of antifragility but can see that it's actually distinct.
Great to see names I hold in this list $ADBE.