Mundy: A stock to hold for a decade?

A stock to hold for a decade?

Markets have suddenly become more volatile, and there is greater stock dispersion within them.

This is something we have patiently awaited, and it is good to have more stocks on interesting valuations which we can investigate. A number of stocks (and in particular many mid-cap stocks) have moved forward relentlessly in the last couple of years, supported in many cases by earnings forecasts which investors seemed to believe could go in only one direction. It may be early days for stock dispersion if the number and size of downgrades is about to step up. I was recently asked, as an investor with reasonably long holding periods, what share I would most like to hold for ten year...