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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Frank Pembleton who wrote (19931)6/17/2002 12:46:18 PM
From: AC Flyer  Read Replies (1) of 74559
 
Congratulations on your trading successes, Frank.

Let's see - a 4 bagger is a 400% capital gain - roughly 300% after tax. Now, you're obviously an outstanding trader, someone who can consistently pick the right sectors and the right companies within those sectors, so you've probably been achieving those kinds of returns on an annualized basis throught the long second leg of the great bull market starting in 1991 - right, Frank?

You're also obviously a man of some means, so you probably had, say, $10 grand to put to work in 1991.

Now, 11 years at a compounded annual 300% return means that you're worth somewhere around oh, $1.8 billion.

If I had $1.8 billion, like you Frank, I'd find something more interesting to do than hang out on SI.

Me? Well, not having your talent Frank, I'll just have to settle for my boring consistent 10% to 25% annual returns achieved with absolutely no fun and no excitement. Only problem is, I have way too much time on my hands.
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