by in Public

Investment Performance: Why consistency is king, Part 4

Portfolio A returned 5% each year for three years. Portfolio F returned +30%, -25% and +10% over the same three years.
Volatility Effect on Average and Compound Returns
Which portfolio came out ahead?

How Volatility Affects Average and Compound Returns

Adam Butler, CFA, explains:
[pdf width=”100%” height=”900px”]https://s3.amazonaws.com/wc-pdf-2013/compounding-butler-philbrick-oda-2011-04.pdf[/pdf]