“An investment is simply an asset that **rewards the owner by constantly creating new value through its business operations**.” ([Location 257](https://readwise.io/to_kindle?action=open&asin=B07CNFFJ9J&location=257)) --- **Tags** -- [[quotes]], [[owner-earnings]], [[investments]], [[long-term-thinking]], [[value-investing]] **Source** -- [[202506221723 - LN - Modern Value Investing]]