The Ship of Theseus is one of the oldest philosophical thought experiments.
Theseus, the great mythical hero of Athens, slayed the minotaur in Crete and returned to Athens where his ship was kept in the harbour as a memorial.
Over the years the planks, masts, sails etc. were gradually replaced as they decayed. Eventually, all the pieces had been replaced but the ship still stood there in the harbour. Which raises the question, is it still the same ship?
We're often reminded of this question when considering the long-term history of listed companies.
At Evenlode, we tend to invest in companies that operate in relatively stable industries where change is quite incremental from one year to the next.
Listen to this episode to find out more.
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Please note, these views represent the opinions of the Evenlode team as of May 2021 and do not constitute investment advice.
Past performance is not a reliable indicator of future results. The value of investments can go down as well as up, and investors may not get back the money they invested. Current forecasts are provided for transparency purposes, are subject to change and are not guaranteed.
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