每年4% 是相当的多。 11年来大约一半的流通股被回购了。如果earing 不变， EPS翻倍

Apple

~ 8.5% per year. Finbox+2CSIMarket+2

~ 17.7% per year (per one source). FullRatio+1

Revenue growth is modest; EPS growth is higher, implying share count reductions or margin improvements play a role.

Microsoft

~ 14.3%–14.8%per year. Finbox+2Reuters+2

~ 15.3% per year (EPS diluted CAGR). Finance Charts+1

Stronger top-line growth compared to Apple, and EPS growth largely driven by that business growth rather than heavy share count reduction.

所有跟帖： 

• 4.5%的国债，如果每年把分红再投资会国债，效果可能会更好。 -GandalfOld- ♂ (527 bytes) () 11/08/2025 postreply 11:50:02