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Michael J. Mauboussin @MichaelJMauboussin ยท Mar 9, 2023
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Just a reminder: "Price appreciation is the only source of investment returns that increases accumulated capital." See myth #2: [link] based on a great paper by Al Rappaport

Paper Apr 30, 2006
Dividend Reinvestment, Price Appreciation and Capital Accumulation
by Alfred Rappaport
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