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Over the long term a stock is hard put to earn a much better return than the business underneath it earns

Drawn from what Charlie Munger said

investing
What this subject means

investing Putting money into markets on purpose: what a portfolio is for, whether active management earns its cost, and what money is actually a means to.

What Charlie Munger actually said

  1. Charlie Munger Warren Buffett's business partner and vice chairman of Berkshire Hathaway
    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.

Added to korrents 9 Oct 2026 · How quotes work · Something wrong? Tell us

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