“Corporate profits double about every nine years. The stock market ought to double about every nine years… Profits are going up 8% a year, and stocks will follow. That’s all there is to it.”
Peter Lynch On How To Handle Stock Market Volatility
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@SamRo
I'm curious if you've been keeping track of recent corporate profits, Sam. Does 8% annualized sound about right to you?
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@SamRo
Love this guy! Buffett is great but Peter makes it’s so simple and he doesn’t get enough credit. Greatest line from his book when telling his wife he bought Taco Bell; “Is that a Mexican phone company?”
So good
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