Core Insights - The investor has held a position in Henkel AG for over two years, primarily benefiting from dividends without significant capital appreciation [1] - The analysis emphasizes the importance of investing in high-quality companies with competitive advantages and defensibility, focusing on European and North American markets [1] Company Analysis - Henkel AG is viewed as a long-term investment opportunity, although the investor has not experienced substantial gains beyond dividend income [1] - The investor's strategy includes a broad market capitalization approach, indicating flexibility in investment choices from large to small cap companies [1] Academic Background - The investor possesses a Master's Degree in Sociology with a focus on organizational and economic sociology, along with a Bachelor's Degree in Sociology and History [1]