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Charlie Munger Passes, What’s in Warren Buffett’s Will With Gary Pulford, Year End Stock Rally

The Compound and Friends

00:00

The Apocalypse for Stock Pickers

This chapter explores the performance of individual stocks compared to the S&P 500 index, highlighting that most stocks do not outperform the index. The speaker discusses recent statistics and presents a chart showing the years it would take for S&P 500 companies to spend their market cap on CapEx and R&D, with some companies taking significantly longer than the average. Additionally, the concept of market run rate dilution and its impact on market cap growth is explained.

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