一般来说,牙膏行业的增长总是有限。因为不管怎么说,人们每天刷牙次数总归就那么几次,而且公司对生产流程所能做的改良也很有限。从投资的角度来看,如果有人建议投资口腔保健品能带来比投资高利润行业(如飞机发动机制造、高分子聚合体、消费金融服务等)更高的回报,人们一定觉得这种建议可笑之极。但在过去17年里,高露洁公司的经营业绩已在不知不觉中超过了财富500 In general, toothpaste industry growth is always limited. Because, after all, people brush their teeth a few times a day, and the company’s improvements to the production process are limited. From an investment point of view, one might find it ridiculous to suggest that investing in oral health products will yield higher returns than investing in high-margin industries such as aircraft engine manufacturing, polymers, consumer financial services, etc. Extreme. But in the past 17 years, Colgate’s operating performance has unknowingly exceeded the 500