“Yeah, that’s exactly how I look at it: The benchmark is the index, not cash. So I would see it as a 30 percent gain.”
Why? If you are right you have 100% compared to 70% someone has who’s position has lost 30%. Isn’t that 42.9% more?
In my defence, we didn’t do arithmetic in my mathematics degree.
“Yeah, that’s exactly how I look at it: The benchmark is the index, not cash. So I would see it as a 30 percent gain.”
Why? If you are right you have 100% compared to 70% someone has who’s position has lost 30%. Isn’t that 42.9% more?
In my defence, we didn’t do arithmetic in my mathematics degree.