'Don't forget the growth': The lessons global equity managers can learn from Buffett

Company lifecycles

clock • 4 min read
Michael Crawford of Chawton Global Investors
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Michael Crawford of Chawton Global Investors

Warren Buffett famously said that value and growth are joined at the hip; this also applies to income and growth.

Companies deliver shareholder value if they achieve returns above the cost of capital and invest incremental capital at returns above the cost of capital. This is a basic principle of equity investing....

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