One of the oldest newsletters in the business, Dow Theory Forecasts has been meeting the investment needs of individuals since 1946. The newsletter believes in the preservation of capital as well as the accumulation of wealth. For that reason, Dow Theory Forecasts takes a long-term approach to investing, with stock ideas on a one-year time horizon or longer. Its editors prefer to focus on high-quality stocks—industry leaders with strong finances, attractive growth records, and market niches that should keep them at the top of their sectors.