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The numbers were expressed in PERCENT not as a multiplier ...
So the calc should be ...
%/Year = (2494.85 ^ ( 1 / 47 ) - 1) * 100 ~ 18.107%
Howard's numbers ARE correct.
--- In amibroker@xxxxxxxxxxxxxxx, Natasha !! <dynomitedoll_ddd@xxxx>
wrote:
> Hi ,
> I think you are a little in err about those figures:
>
>
> howard bandy <howardbandy@xxxx> wrote:
>
> 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%.
>
> _________________________________________________________________
>
> The 47 th root of 259485 is 1.3037 that means an annual
compounded gain of 30.37% and similiar calc with the s&p gives
19.75%.I think quite possible in the realms of amibroker its just
the 47 years that bothers me .Thanks for the interest.I think this %
come under money management and do play a role in the final fortune
in the long run.
>
>
>
> ---N!!
>
>
>
> Thanks,
>
> Howard
>
> ___________________________________________________________________
>
>
>
>
>
>
>
>
>
> -----Original Message-----
> From: Natasha!! [mailto:dynomitedoll_ddd@x...]
> Sent: Saturday, February 12, 2005 11:10 PM
> To: amibroker@xxxxxxxxxxxxxxx
> Subject: Re: [amibroker] OT:Technical VS Technofundamental trading
>
>
>
> Hi Pal,
>
>
>
>
>
> 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.
>
>
>
>
>
> <<SNIP>>
>
>
>
>
>
>
>
>
>
>
> Check AmiBroker web page at:
> http://www.amibroker.com/
>
> Check group FAQ at:
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>
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