#309: 2 Legacy Stocks for Long-term Investing

**Mike** (0:00)
So the stock that we mentioned a fair few times last year, first one was in July, I believe, we did an interview with Clem Chambers, and then myself and yourself did a deeper dive in October.
So since the first episode, the stock is up about 270% of the time of recording. And then since October one, it's up about 130%.

**Emmet** (0:26)
Welcome to Stock Club, the podcast where we find and discuss stocks that anyone can buy, many of which we believe will go on to grow your wealth. How are you, Mike?

**Mike** (0:38)
I'm all right now, yeah. Coming off a hectic weekend, I spent it with seven French lads. My brain is melted from trying to translate all weekend. So a bit of recovery needed after that.

**Emmet** (0:50)
It's amazing when you're learning and speaking a different language, how exhausting it is. It feels like you've spent a day working out on a field.

**Mike** (0:58)
100 percent, yeah. Then once it's in a group, you have no chance. I'm just completely lost. There's more than one person talking at once.
It's like a tennis match. My head is flying around the place. I can't keep up at all.

**Emmet** (1:11)
But are you finding your French game is on the up though?

**Mike** (1:14)
It has to be, yeah, for sure. It's definitely getting better, but it's so long to go.

**Emmet** (1:20)
Well, actually, coincidentally, so in Ireland, it's what we call a bank holiday weekend this coming first weekend of May. And in other words, the national holiday on Monday, historically known as a bank holiday. And I have to go to Paris for a meeting. And you're going to be in Paris as well, Mike, but we've both resigned to the fact that the city is so vast. We're going to leave each other to it.

**Mike** (1:43)
I think so, yeah. Maybe not if you want to join, but we'll see. We'll see. You have some there for pleasure, so we might make the two mix.

**Emmet** (1:53)
So this week we decided we'd have a chat about two companies, one each, both of which are as old as the stock market itself, or at least they're 30 years old. Mine is certainly older than that, and yours is probably 40 years old. I'll let you talk about it.

**Mike** (2:11)
Your company might actually own stocks that are older than the stock market itself.

**Emmet** (2:16)
For sure. Well, it certainly has a outgoing, well, a former CEO and chair who's 93 I'm talking about Warren Buffett, and obviously I'm going to be talking about Berkshire, whereas you're going a little more high-tech, and you're going to talk about Intel, which in my mind, when I hear the word Intel, I think the inventor of the mass market processing chip. I think of when in the 90s, computers and laptops were taking off. There was a badge, a tiny little hologram sticker in the bottom right-hand corner of the computer or laptop, which had the words Intel inside. And even though 99.0% of people hadn't a clue what a processor was or what it did, it was a badge of reassurance, and it was the highest quality thing inside this high-tech machine that was now part of our lives. And lo and behold, a lot of time has passed between then and now, and the story has gone through a lot of iterations. So you said you'd have a little chat about it because there's another interesting chapter. So what's going on over at Intel, Mike?

**Mike** (3:28)
Well, yeah, it stemmed from just unbelievable results from Q1 there posted last week. And it kind of inspired a bit of a victory lap for the podcast.
So the stock that we mentioned a fair few times last year, first one was in July, I believe. We did an interview with Clem Chambers. And then myself and yourself did a deeper dive in October. So since the first episode, the stock is up about 270% of the time recording. And then since October 1, it's up about 130%. And you said it up there. There is a lot of interesting things going on at Intel. And it's been a stock that has been through a lot of 10 different iterations throughout the last 10, 20, 30 years. I mean, it's the largest chip fab in the US. And when you consider that Taiwan semiconductor is essentially, you know, the last teetering Jenga piece you see at the bottom of the global economy in terms of its importance to the global supply chain and semiconductors in general, it's clear why Intel is so important and the future of what Intel is so important, just geopolitically. I mean, who knows what could happen in Taiwan over the next decade? There really is question marks there.