https://slowvalue.com/tags/valueinvesting/ Recent content in ValueInvesting on slowvalue.com https://slowvalue.com/og.png https://slowvalue.com/og.png Hugo en-us 2026 slowvalue.com Thu, 15 Oct 2026 09:42:12 +0800 https://slowvalue.com/posts/reading-this-passage-from-charlie-munger-90-of-your-investing-problems-will-be-solved/ Thu, 15 Oct 2026 09:42:12 +0800 https://slowvalue.com/posts/reading-this-passage-from-charlie-munger-90-of-your-investing-problems-will-be-solved/ Munger put it this way: Over the long term, investment returns are very unlikely to be much higher than the company's average annual profits. If a company's return over 40 years is 6%, and you hold this company during those 40 years, even if you bought at a very cheap price early on, your return won't differ much from that 6%. Conversely, if a company's return over the past 20 years is 18%, then even if you buy at an expensive price now, the returns you get in the future will still be very substantial.