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  • The normal expectancy of the average investor - for example, the pension funds of AT&T or IBM - is 6% for a long time.

    Charlie Munger
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    Charlie Munger's comments on future returns from equities at the 2001 Wesco Financial Annual Meeting, www.tilsonfunds.com. May 2, 2001.
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The normal expectancy of the average investor - for example, the pension funds of AT&T or IBM - is 6% for a long time. - Charlie Munger
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