Applied Materials No-Politics Thread (AMAT) Message Board

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Technology Stocks : Applied Materials No-Politics Thread (AMAT)

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To: Sultan who wrote (3580)	10/15/2002 4:51:32 PM
From: brushwud	Read Replies (1) of 25522

He said that and Lou R. did a quick calculation and said some thing to the effect that it is only 5+% a year and Sir John said it is closer to 7%. I think what Lou did was a pre-calculation. I calculated the 97-th root of 125 after he said that and it is indeed a little over 5% per year. What Templeton said was that he expected actual average annual returns to be closer to 7% for the rest of the century, so his estimate of a 1,000,000 DJIA is conservative.

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