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To: steve harris who wrote (1475)	9/21/2006 7:07:49 PM
From: Kirk ©	Read Replies (1) \| Respond to of 20435

I thought this argument was a joke... but I guess not So why doesn't -7% and +17% not work out to be +10% if the other examples do?" Average is (A+B)/2 (-7+17)/2 = 10/2 = 5% not 10%

To: steve harris who wrote (1475)	9/22/2006 11:14:50 AM
From: Taro	Read Replies (1) \| Respond to of 20435

My joke, Harris. Of course it does, no such thing as a singularity at +17/-7 % = +10% for a 50/50 position IMO. Just wonder how and when the mistake(s) were made or what else sticks behind it. With Elroy being our exclusive accountant - my degrees are not in math :) - he still is the guy to complain to. No doubt you would have to line up all the portfolio email backwards until you locate the problem and then inform him where it happened. Now of course he is off for 4 weeks to the old country. Taro