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Pastimes : The Justa and Lars Honors Bob Brinker Investment Club Thread -- Ignore unavailable to you. Want to Upgrade?

To: set who wrote (600)7/31/2000 7:10:02 AM
From: Dave Shares  Read Replies (1) | Respond to of 10065
 
<<In order to find out how the fund does
after some large amount of time, a week or a month,
you cannot directly calculate it from the gross movement
of the index but must add up the discontinuous gains
and losses of the fund, the number and extent of
which depend upon the totally arbitrary choice of base
unit of time.>>

Exactly right! That is why timing and direction are paramount.

David


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