{"id":27875,"date":"2024-07-20T18:54:56","date_gmt":"2024-07-20T16:54:56","guid":{"rendered":"https:\/\/normanrentrop.de\/?p=27875"},"modified":"2024-12-14T17:03:11","modified_gmt":"2024-12-14T15:03:11","slug":"the-result-counts","status":"publish","type":"post","link":"https:\/\/normanrentrop.de\/en\/the-result-counts\/","title":{"rendered":"Great companies at a seemingly high price are better than mediocre companies at a seemingly low price"},"content":{"rendered":"<blockquote><p>If a business earns 18% per year on capital over 20 or 30 years, even if you pay an expensive looking price, you\u2019ll end up with a fine result.<\/p><\/blockquote>\n<p>Charlie Munger \u2013 Vice Chairman of Berkshire Hathaway (1924-2023), from his speech &#8220;A Lesson on Elementary, Worldly Wisdom As It Relates To Investment Management &amp; Business&#8221; at the USC Business School (1994), Quotations book 2025<\/p>\n","protected":false},"excerpt":{"rendered":"<p>If a business earns 18% per year on capital over 20 or 30 years, even if you pay an expensive looking price, you\u2019ll end up with a fine result. Charlie Munger \u2013 Vice Chairman of Berkshire Hathaway (1924-2023), from his speech &#8220;A Lesson on Elementary, Worldly Wisdom As It Relates To Investment Management &amp; Business&#8221; [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[22,54,51],"tags":[],"class_list":["post-27875","post","type-post","status-publish","format-standard","hentry","category-all-quotes","category-economy","category-money"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Great companies at a seemingly high price are better than mediocre companies at a seemingly low price<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/normanrentrop.de\/en\/the-result-counts\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Great companies at a seemingly high price are better than mediocre companies at a seemingly low price\" \/>\n<meta property=\"og:description\" content=\"If a business earns 18% per year on capital over 20 or 30 years, even if you pay an expensive looking price, you\u2019ll end up with a fine result. Charlie Munger \u2013 Vice Chairman of Berkshire Hathaway (1924-2023), from his speech &#8220;A Lesson on Elementary, Worldly Wisdom As It Relates To Investment Management &amp; Business&#8221; [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/normanrentrop.de\/en\/the-result-counts\/\" \/>\n<meta property=\"og:site_name\" content=\"Norman Rentrop\" \/>\n<meta property=\"article:published_time\" content=\"2024-07-20T16:54:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-12-14T15:03:11+00:00\" \/>\n<meta name=\"author\" content=\"Norman Rentrop\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Norman Rentrop\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" 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