Stability of the Earnings Stream
March 20, 2019 at 09:30 AM EDT
by Jacob Wolinsky, ValueWalk “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...