Ken Langone, the Home Depot co-founder, bought shares of Eli Lilly (LLY) in 1977. At 91, he has never sold a single share, and he said he sees the stock doubling in three years, as I reported. This has stuck with me because of the patience behind it, and what he said about LLY.

I know plenty of stocks where I see investors rush to buy or sell after a single earnings report, so seeing someone hold for nearly five decades and still expect more upside is remarkable.

He has been patient, and it has actually paid off over the years, and still is. Lilly is up 59.93% over the past 1 year, 121% over the last 3 years, and 451.38% over the past 5 years, according to Yahoo Finance. 

The business backs it up. Source link