A Magic Number for Long Term Returns

A powerful number when it comes to long-term returns in the stock market.

I mentioned in another post that investing $100.000 in Apple ($APPL) in the nineties would have returned over 40 million USD today.

What is needed to deliver such incredible results? In essence, it’s simple. We want to see a company that has a return on invested capital (ROIC) that is high and stays high over the years. Enough? Not yet.

We also want to se…