Caterpillar – the case for owning equities

Around 2009, Caterpillar’s stock price was trading between $25 – $38 per share.

Today, CAT is trading at $752 per share.

Investors who bought Caterpillar stock within that 5 month trough during late 2008 and early 2009 and continued to hold (for the next 17 years) have seen a 20x – 30x return on their money.

I can safely say, that no commercial, industrial or residential real estate asset has come close to producing such a return over a similar period.

Incidentally, investors in Caterpillar didn’t need to pay for insurance, repairs, maintenance, real estate agents costs or property taxes over that time…….

February 19, 2026

rob@karriasset.com.au

p.s. allow some variance when buying in the depths of a trough