Title: Buy companies that cater to the rich
Category: Other
Blog Entry: It's true what they say, the rich get richer. Thanks to excellent returns generated from private equity deals and the stock markets, the money crowd are in the mood to spend.
Not surprisingly, companies and retailers that cater to the rich are doing extremely well. Just look at the last quarterly results for Walmart and Ralph Lauren. Higher gasoline prices and food costs are not squeezing the well to do. With their exposure to energy companies, they are thriving.
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