https://x.com/10kdiver/status/1485006207832051715
10-K Diver @10kdiver1/
Get a cup of coffee.
In this thread, I'll walk you through the "magic of retained earnings".
This is the basic theory behind why stocks grow exponentially over long periods of time.
As investors, we'd do well to understand this theory -- and the assumptions it's based on.Jan 22, 2022 View on X →
Saturday, January 22, 2022 Money
