Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (42) | Ignore Thread Prev | Next
Author: commoncents33 Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 204085  
Subject: Re: The Non-essentiality of Growth Date: 2/16/2013 12:03 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
So much for my finance lesson.


And like I said, Buffett and Munger have said the concept is nonsense. They are right about that, just like they are right about the non-efficiency of the markets and the frequent failure of the Black-Sholes options pricing formula for long-dated options.

Just because there is a fancy mathematical formula for something, that does not mean the underlying premise is correct.

What is your refutation of my premise that if Apple were simply able to maintain there current competitive position in the areas in which they already operate, then they would achieve a real, after-inflation return of 10% annually (not even counting the enormous cash hoard)? You can use a mathematical formula if you want.
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (42) | Ignore Thread Prev | Next

Announcements

Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Macro Economics

Looking at Currency Ratios
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement