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“Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.”

— Warren Buffett

The Warren Buffett investment philosophy calls for a long-term investment horizon, where a ten year holding period, or even longer, would fit right into the strategy. How would such a strategy have worked out for an investment into AutoZone, Inc. (NYSE: AZO)? Today, we examine the outcome of a ten year investment into the stock back in 2011.

Start date: 06/15/2011


End date: 06/14/2021
Start price/share: $289.55
End price/share: $1,385.99
Starting shares: 34.54
Ending shares: 34.54
Dividends reinvested/share: $0.00
Total return: 378.67%
Average annual return: 16.94%
Starting investment: $10,000.00
Ending investment: $47,863.37

As shown above, the ten year investment result worked out exceptionally well, with an annualized rate of return of 16.94%. This would have turned a $10K investment made 10 years ago into $47,863.37 today (as of 06/14/2021). On a total return basis, that’s a result of 378.67% (something to think about: how might AZO shares perform over the next 10 years?). [These numbers were computed with the Dividend Channel DRIP Returns Calculator.]

One more investment quote to leave you with:
“People who invest make money for themselves; people who speculate make money for their brokers.” — Benjamin Graham