Friday, April 18, 2014

Three Great Lessons of Income Investing

Charlie Munger has his famous three laws of investing:


In this spirit, I offer my Three Great Lessons for Income Investors:

  1. A great business with a fair yield is superior to a fair business with a great yield
  2. A great business with a fair yield is superior to a fair business with a great yield
  3. A great business with a fair yield is superior to a fair business with a great yield
Where to find these businesses? Here are some analytical tools to get started.

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