halbergman/E+ via Getty Images Introduction Close to 50% of my portfolio is invested in stocks from the industrial sector. This includes mainly wide-moat companies like anti-cyclical defense contractors, Class I railroads, machinery producers, suppliers of building materials, and others. As the S&P 500 has roughly 8.5% industrial exposure, my 50% exposure looks like a lot. However, less than half of these companies are cyclical, and all companies have business models that make them stand out in a way. That' ...