Quote of the day by Warren Buffett: "The inescapable fact is that the value of an asset, whatever its character, cannot over the long term grow faster than its earnings do"

Warren Buffett’s investment philosophy is built around a simple but powerful principle: over the long term, the value of an asset cannot sustainably rise faster than the earnings it generates.

“The inescapable fact is that the value of an asset, whatever its character, cannot over the long term grow faster than its earnings do.”