---
title: "4 Returns Capital Quotes by 3 authors"
description: "Browse 4 Returns Capital quotes by 3 authors. Discover the best Returns Capital sayings and thoughts."
image: "https://sms4smile.com/quotes/i/551/thomas-piketty-3584_returns-capital_a-capital-tax-is-the-most-appropriate-re_778533.png"
---

> [“A capital tax is the most appropriate response to the inequality r > g as well as to the inequality of returns…](https://sms4smile.com/quotes/thomas-piketty/a-capital-tax-is-the-most-appropriate-response-to-the-inequality-r-g/)

[Thomas Piketty](https://sms4smile.com/quotes/author/thomas-piketty/)

[Image](https://sms4smile.com/quotes/i/551/thomas-piketty-3584_returns-capital_a-capital-tax-is-the-most-appropriate-re_778533.png)

> [The big picture is: the main thing you should be concerned about in the future are incremental returns on capital going forward.…](https://sms4smile.com/quotes/joel-greenblatt/the-big-picture-is-the-main-thing-you-should-be-concerned-about-in/)

[Joel Greenblatt](https://sms4smile.com/quotes/author/joel-greenblatt/)

[Image](https://sms4smile.com/quotes/i/47f/joel-greenblatt-21588_add_the-big-picture-is-the-main-thing-you-sh_2362294.jpg)

> [A smart policy should be one that tends to receive the capitals, pays the price for that capital - which is the…](https://sms4smile.com/quotes/fidel-castro/a-smart-policy-should-be-one-that-tends-to-receive-the-capitals-pays/)

[Fidel Castro](https://sms4smile.com/quotes/author/fidel-castro/)

[Image](https://sms4smile.com/quotes/i/01e/fidel-castro-2285_country_a-smart-policy-should-be-one-that-tends_2528966.jpg)

> [My goal is to buy a company at a low multiple to normal earnings power several years out and that the company…](https://sms4smile.com/quotes/joel-greenblatt/my-goal-is-to-buy-a-company-at-a-low-multiple-to-normal-earnings/)

[Joel Greenblatt](https://sms4smile.com/quotes/author/joel-greenblatt/)

[Image](https://sms4smile.com/quotes/i/353/joel-greenblatt-21588_business_my-goal-is-to-buy-a-company-at-a-low-mul_3008603.png)

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                        "text": "The big picture is: the main thing you should be concerned about in the future are incremental returns on capital going forward. As it turns out, past history of a good return on capital is a good proxy for this but obviously not foolproof. I think this is an area where thoughtful analysis can add value to any simple ranking/screening strategy such as the magic formula. When doing in depth analysis of companies, I care very much about long term earnings power, not necessarily so much about the volatility of that earnings power but about my certainty of \"normal\" earnings power over time.",
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                        "text": "A smart policy should be one that tends to receive the capitals, pays the price for that capital - which is the interest - returns the capital and in the end the factories, the industries, are left to remain in the country.",
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                        "text": "My goal is to buy a company at a low multiple to normal earnings power several years out and that the company earns good returns on capital at that level of normal earnings. A holding period of more than one year also works quite well as the factors are persistent in years 2 and 3.",
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