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Sounds like an amazing return but the compound annual growth rate of Altria over 100 years is only 16%. Compare to capital allocators like Buffett and the numbe
by voisin 2y ago
Sounds like an amazing return but the compound annual growth rate of Altria over 100 years is only 16%. Compare to capital allocators like Buffett and the numbers are well above 20% over long periods, with the added benefit of diversification.
- rwmj 2y ago"Only" 16% is still pretty amazing, and practically speaking enough to make you rich enough to never have to work with only a $10 (1920s money) investment. More interesting is what are the lessons for investing today. What companies sell highly addictive products? (cough, Meta)