daisaku

daisaku | Joined since 2016-06-06

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News & Blogs

2017-07-12 01:02 | Report Abuse

"Over the long term, it's hard for a stock to earn a much better return than the business which underlies it earns. If the business earns 6% on capital over 40 years and you hold it for that 40 years, you're not going to make much different than a 6% return – even if you originally buy it at a huge discount. Conversely, if a business earns 18% on capital over 20 or 30 years, even if you pay an expensive looking price, you'll end up with a fine result."

From Charlie Munger

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2017-06-29 18:35 | Report Abuse

Would you mind elaborate more how're target prices deduced ?

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News & Blogs

2016-08-29 22:25 | Report Abuse

Shh?