this post was submitted on 18 Jul 2024
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That's just a name we give to "a share of a well-known, profitable, and established company with a history of success". I.e. "companies that experience constant and consistent growth". That's literally what OP is criticizing. They do the same things. Microsoft is a blue chip. You think they don't have layoffs to appease shareholders? Google? Apple?
More along the lines of a Coca Cola.
"Better to remain silent and be thought a fool than to speak and to remove all doubt."
Downvotes don't make me wrong.
https://www.investopedia.com/terms/b/bluechipstock.asp