Greetings –
I found these statistics on a website called warrenbuffettsecrets: In 47 years,
Buffett’s investment company, Berkshire Hathaway has
achieved returns of 259,485% versus the S&P 500 returns of 4,783%. The
difference in results is an astonishing 254,747%!
In my opinion, there is a more meaningful
way to compare the two percentages you describe.
(Without making any judgment about the
accuracy of either overall investment gain, but just examining the numbers.)
An 18.2% annual gain, compounded for 47
years, produces the 259485% overall gain of Buffett’s company. An 8.5%
annual gain, compounded for 47 years, produces the 4783% overall gain of the
S&P. The comparison is between 18.2% and 8.5%.
Thanks,
Howard
-----Original Message-----
From: Natasha!!
[mailto:dynomitedoll_ddd@xxxxxxxxx]
Sent: Saturday, February 12,
2005 11:10 PM
To: amibroker@xxxxxxxxxxxxxxx
Subject: Re: [amibroker] OT:Technical
VS Technofundamental trading
My previous article was a general view and for a literary audience nor was it a
research paper though i have done quite a lot of lateral thinking on the
subject.The word exponential should be taken in a literary sense and in tune
with the general flow of the article and can be replaced by
"Phenomenal"if you wish.