Average Quote by Charlie Munger
“The normal expectancy of the average investor - for example, the pension funds of AT&T or IBM - is 6% for a long time.”
About This Quote
Source Speech: Annual Shareholder Meeting, Berkshire Hathaway, 1995
Investors typically expect modest, stable returns over long periods, like pension funds.
In simple terms: Expect modest, stable returns.
Key Takeaway
Plan for long‑term stability.
Themes
investment
expectations
long‑term
Mood
practical
analytical
Type
financial
educational
When to use this quote
- retirement planning
- portfolio strategy
- institutional investing
Key Concepts
finance
risk management
Questions to Reflect On
- How do you set realistic return expectations?
- What factors could alter long‑term returns?
A Different Perspective
May not apply to high‑growth contexts.
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