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Replies to #2673 on AT&T Inc (T)

bar1080

04/19/21 5:22 PM

#2674 RE: trkyhntr #2673

The rule of 72 was obsolete when cheap tiny electronic calculators arrived ~ 50 year ago. For stocks, the rule is worthless anyway for several reasons. The web is loaded with free online calculators that are easier/more accurate than the so-call "rule of 72"

Who cares how long an investment takes to double? The goal should be to prudently maximize return... no matter the timeframe. Buffett doesn't have a computer on his desk in Omaha. He doesn't have a calculator either!

Note Buffett has "almost" never owned T. I'm quite certain he's heard of AT&T.