Companies which have unique advantages are able to fend off competitors and provide above average rates of return on capital. (arborinvestmentplanner.com)
The upside of valuation timing is that it greatly increases your odds of above average rates of return in the long run. (arborinvestmentplanner.com)
Two portfolios, with the same average rate of return over a period of years, can produce dramatically different values outcomes because of portfolio volatility. (arborinvestmentplanner.com)