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22 days agoyes, generally it’s l/(1-l), where l is the loss (ranging from 0 to 1). Example: if you loose 10%, your portfolio needs to grow 11.11% to compensate just for the loss. go figure how long that is gonna take
à la con
yes, generally it’s l/(1-l), where l is the loss (ranging from 0 to 1). Example: if you loose 10%, your portfolio needs to grow 11.11% to compensate just for the loss. go figure how long that is gonna take
from the movie Ghost with Demi Moore and Patrick Swayze
Late to the party, and no offence to buddhism, but i always loved this quote from Terry Pratchett
“Master, what is the difference between a humanistic, monastic system of belief in which wisdom is sought by means of an apparently nonsensical system of questions and answers, and a lot of mystic gibberish made up on the spur of the moment?"
Wen considered this for some time, and at last said: “A fish!”
And Clodpool went away, satisfied.” ― Terry Pratchett, Thief of Time
(copies the quote from https://www.goodreads.com/work/quotes/46982-thief-of-time?page=2 but i’m rather sure its correct, so i didn’t check my copy).