No. of Recommendations: 15
Care to take a guess on how long the next zero will take? 70 years maybe? The train is definitely slowing....
Depends a bit on inflation.
e.g., it could be managed in 21 years of 7%/year real growth in value per share, inflation of 4.1%, and no change in valuation multiples.
That would be a bit optimistic on the value growth and bit pessimistic on the inflation, but the numbers work : )
Or 25 years of 6.5%/year real growth in value and inflation of 3.15%.
Or 30 years of 6%/year real growth in value and inflation of 2%. That one sounds possible.
Or 35 years of 4.8%/year real growth in value and inflation of 2%. Sounds like getting close to worst case, barring catastrophe.
Jim
