Many investors believe that holding stocks indefinitely will yield success as long as the underlying companies thrive; however, historical examples like General Electric and Kodak highlight that not all companies adapt to industry changes. A personal stock holding that inspires confidence in its longevity is Alphabet (NASDAQ: GOOG, GOOGL), which has successfully diversified beyond its original search engine roots since 1998. Despite potential competition for its key services like Google and YouTube, Alphabet’s proactive approach to exploring new business avenues mitigates concerns about obsolescence.
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