What is the highest performing stock in terms of total return over the course of the past 40 years?
Its not Microsoft. No, its not Cisco Systems. Its not GE. It’s not even Intel.
You ready?
Walgreens? You gotta be kidding me! The drugstore chain? Yep, its true. How they did it is even cooler than that fact that they did it in the first place.
In his book Good to Great, Jim Collins investigates how they actually did it. And the answer is very simple. All that Cork Walgreen, the founder of Walgreens did is that he took a long hard look at what his business did really well and then channeled all his energies into that one thing. In essence, he figured out exactly what Walgreens could be the best in the world at and channeled all of their efforts into achieving that one thing. Continue reading