One Easy Way To Own the Indexes (And The Data) That Investors Trust

, Analyzing tech stocks through the prism of cultural change. Opinions expressed by Forbes Contributors are their own.

I have a confession. As an investor, I don’t like surprises.

S&P Global (SPGI) has been around for 150 years. This company is best-known as the keeper of the Standard and Poor’s Indexes. It collects, packages and sells data that has become indispensable to the financial services industry.

This has been a solid, predictable business. Next up, the company plans to leverage its stalwart reputation for the future of data. And to the glee of its shareholders, S&P Global is likely to win this bet.

Traders Benjamin Tuchman, left, and Glenn Kessler work on the floor of the New York Stock Exchange, Friday, June 8, 2018. Stock indexes are opening modestly lower on Wall Street as technology companies and retailers fall. (AP Photo/Richard Drew)

The company has been here before …

In 1888, James McGraw purchased the American Journal of Railway Appliances. Twenty-one years later, he and John Hill, a 51-year-old Vermont publisher of technical journals, merged their operations.

The McGraw-Hill Book Co., the new business, would quickly grow to become one of the leading publishers in the country.

It was an age of invention — jumpstarted by the buzzing of electricity and enterprising young men and women. It was a good time to own printing presses and distribution networks.

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