“Someone’s sitting in the shade today because someone planted a tree a long time ago.”
— Warren Buffett
The Warren Buffett investment philosophy calls for a long-term investment horizon, where a twenty 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 twenty year investment into the stock back in 2002.
|Average annual return:||17.65%|
The above analysis shows the twenty year investment result worked out exceptionally well, with an annualized rate of return of 17.65%. This would have turned a $10K investment made 20 years ago into $258,360.09 today (as of 05/10/2022). On a total return basis, that’s a result of 2,481.57% (something to think about: how might AZO shares perform over the next 20 years?). [These numbers were computed with the Dividend Channel DRIP Returns Calculator.]
Another great investment quote to think about:
“Every once in a while, the market does something so stupid it takes your breath away.” — Jim Cramer