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Author: ptheland Big gold star, 5000 posts Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75340  
Subject: Re: Red letter day Date: 8/22/2006 9:03 PM
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Nice double in tough times!

Thank you. That's why I prefer to post 4 year results instead of 5 year results. ;-)

4 year - 100% total return
5 year - 0% total return
I'll leave it to the reader to determine the results for the 5th year back. We'll just refer to it as tuition in the school of hard knocks.

And it's given me a better understanding of those returns most mutual funds advertise.

--Peter

PS - the main lesson from year 5 is that the purchase price matters, even for good companies
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