Just the Facts, Ma'am: A Compendium of Liberal Fiction Message Board

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Politics : Just the Facts, Ma'am: A Compendium of Liberal Fiction

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To: Arthur Radley who wrote (69776)	2/23/2009 3:04:52 PM
From: TimF	3 Recommendations Read Replies (3) of 90947

Tim! If my numbers are wrong then where did you get your numbers to come up with your percentages? Your numbers, meaning the initial numbers that you plug in to the equation, might well be correct. The problem isn't your initial information, its your procedures. When you plug good numbers in to faulty procedures you're likely to get bad output. Where did I get my numbers? From historical DJIA quotes. Specifically here finance.yahoo.com^DJI But there are many other sources. You enter a poker game with $950 dollars and you play three hands when you decide to take YOUR winnings and go home. By the end of the second hand you have turned your $950 into a stake of $3421 dollars, a cool percentage gain of 341%. However, in the third hand you lose $2647, for a lost of 25%. In that case, you come back with $774, for a net total loss of $176 or about eighteen and a half percent. But your in error when you say "you lose $2647, for a lost of 25%. A loss of $2647 from a base of $3421 is a loss of almost 77.4%. If you had only lost 25% after you had made it to $3421, you would have walked away with $2565.75 for a net gain of $1615.75.

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