Here is an interesting excerpt taken from a Warren Buffett Partnership Letter written in 1964:
• In The News •
During an interview with the RDI Économie team, portfolio manager Jean-Paul Giacometti answered the following question: "In mutual funds, why not show gross returns rather than net returns?"
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The correction we had been waiting for finally arrived, taking the S&P 500 down roughly 20%, enough to be qualified (theoretically) as a bear market.