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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (78092)	4/21/2008 9:15:13 AM
From: Sr K	Read Replies (1) \| Respond to of 116555

That quote from Buffett's 2007ar letter omits the next sentence about dividends. "How realistic is this expectation? Let’s revisit some data I mentioned two years ago: During the 20th Century, the Dow advanced from 66 to 11,497. This gain, though it appears huge, shrinks to 5.3% when compounded annually. An investor who owned the Dow throughout the century would also have received generous dividends for much of the period, but only about 2% or so in the final years. It was a wonderful century." And dividends compound quarterly.