VUG - This Market-Beating Growth Stock Is Set to Outperform Yet Again in 2024
2023-10-26 10:00:00 ET
All great growth stocks have a couple of basic traits in common. Perhaps the most important, though, is a company's ability to build a wide competitive moat to protect its profits over the long haul. By protecting its core revenue drivers, these types of companies can steadily build large cash positions, which can then be used to reinvest in the business.
But that's not all. The best growth companies also tend to have goldstar management teams capable of creating additional value for shareholders through the savvy deployment of capital.
In the ongoing era of the value tilt, growth companies with a nearly insurmountable economic moat and top-shelf management teams have drastically outperformed the broader field. This effect can be seen in the incredible year-to-date performance of the Vanguard Growth Index Fund (NYSEMKT: VUG) .
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This Market-Beating Growth Stock Is Set to Outperform Yet Again in 2024