Wonderful companies compound wealth over time, while fair companies may have short - term gains but lack the deep competitive advantage required to fend off competition and generate above average returns for decades.
Not exact matches
It will give them an appreciation for
compounding, yield and the fact that some
wonderful companies aren't necessarily great investments.»
Wonderful companies have the ability to
compound earnings over time, unlike optically cheap
companies which may provide a one off kicker.
I expect the
compound effect to work quite well in my favour over the next decades and substantially increasing my position in that
wonderful company.