The Joys of Compounding: The Passionate Pursuit of Lifelong Learning, Revised and Updated (Heilbrunn Center for Graham & Dodd Investing Series)

by Gautam Baid

A business with a perceived sustainable growth rate of 30 percent to 35 percent often ends up getting a 40× to 50× P/E (or an even higher valuation that generally keeps expanding throughout the entire duration of the bull run,