No. of Recommendations: 3
I'm drifting off of the topic of the Board of Directors, but I wanted to show a few numbers illustrating the value growth rate of some good companies. These numbers come from Morningstar. Unfortunately Morningstar does not tabulate these numbers, so one can't screen by Fair Value growth rate. You have to go to each company individually and then take the numbers off of their "Price versus Fair Value" chart.
company, 10-year growth of fair value
NVDA, 84% annualized
GOOGL, 25%
Apple 23%
PGR, 22%
MA, 16%
BRK.A, 12%
It's possible to achieve high growth rates of FV without relying on acquiring companies if you can develop products internally that people want.
