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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 decade-long holding period, or even longer, would fit right into the strategy. How would such a strategy have worked out for an investment into Warner Bros Discovery Inc (NASD: WBD)? Today, we examine the outcome of a decade-long investment into the stock back in 2013.

Start date: 09/16/2013


End date: 09/14/2023
Start price/share: $78.65
End price/share: $11.73
Starting shares: 127.15
Ending shares: 127.15
Dividends reinvested/share: $0.00
Total return: -85.09%
Average annual return: -17.33%
Starting investment: $10,000.00
Ending investment: $1,491.01

As shown above, the decade-long investment result worked out poorly, with an annualized rate of return of -17.33%. This would have turned a $10K investment made 10 years ago into $1,491.01 today (as of 09/14/2023). On a total return basis, that’s a result of -85.09% (something to think about: how might WBD shares perform over the next 10 years?). [These numbers were computed with the Dividend Channel DRIP Returns Calculator.]

Another great investment quote to think about:
“If I’ve learned one thing in this life it’s this: even if you lose, don’t lose the lesson.” — Daymond John