Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
A stock that an investor buys and holds. That is, once an investor makes the one decision to buy the stock, he does not need to make a second decision to sell. One-decision stocks usually have strong fundamentals and/or growth potential. They can be illiquid, but they are nonetheless often solid investments. See also: Value investing.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
A stock that can be bought and held indefinitely such that no second decision to sell is required. Selecting one-decision stock was a popular investment philosophy during the 1970s when institutional investors concentrated their funds on a limited number of high-quality growth stock such as IBM, Kodak, and Procter & Gamble. The essence of this investment philosophy is that, although temporary aberrations in the stock's price may occur, the stock should outperform the market over an extended period.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.