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</o:shapelayout></xml><![endif]--></head><body lang=EN-US link=blue vlink=purple><div class=WordSection1><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal><b><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'>From:</span></b><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'> extropy-chat [mailto:extropy-chat-bounces@lists.extropy.org] <b>On Behalf Of </b>John Clark<br><br></span><o:p></o:p></p><div><div><div><blockquote style='border:none;border-left:solid #CCCCCC 1.0pt;padding:0in 0in 0in 6.0pt;margin-left:4.8pt;margin-right:0in'><div><div><div><div><p class=MsoNormal><span style='font-family:"Arial",sans-serif'>>>…</span>I am getting 21.4 fold increase since 1974: 2057/96 = 21.4<span style='font-family:"Arial",sans-serif'><o:p></o:p></span></p></div></div></div></div></blockquote><div><p class=MsoNormal><o:p> </o:p></p></div><div><div><p class=MsoNormal><span style='font-size:13.5pt;font-family:"Arial",sans-serif'>>…That doesn't count reinvestment of dividends. My 74 fold figure was a little out of date, from April 1974 to April 2016 it's 75.7 fold. <o:p></o:p></span></p></div><p class=MsoNormal><span style='font-size:13.5pt;font-family:"Arial",sans-serif'>See for yourself:</span><o:p></o:p></p></div><div><div><p class=MsoNormal><span style='font-family:"Arial",sans-serif'><o:p> </o:p></span></p></div></div><div><div><p class=MsoNormal><span style='font-family:"Arial",sans-serif'><a href="https://dqydj.com/sp-500-return-calculator/">https://dqydj.com/sp-500-return-calculator/</a> <o:p></o:p></span></p></div></div><div><div><p class=MsoNormal><span style='font-family:"Arial",sans-serif'><o:p> </o:p></span></p></div></div><div><div><p class=MsoNormal><span style='font-size:13.5pt;font-family:"Arial",sans-serif'> John K Clark<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'>Sure but if you compare them that way, you cannot use current net worth either. It would assume the investor never spent any money since 1974. We can be quite sure that it wasn’t cheap to send Marla Maples and Ivana Zelnickova on their way, nor was it cheap to purchase the current Mrs. Trump.<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'>spike<o:p></o:p></span></p></div></div><div><div><p class=MsoNormal><span style='font-family:"Arial",sans-serif'><o:p> </o:p></span></p></div></div><div><div><p class=MsoNormal><span style='font-family:"Arial",sans-serif'><o:p> </o:p></span></p></div></div><div><p class=MsoNormal><o:p> </o:p></p></div><div><p class=MsoNormal><o:p> </o:p></p></div></div></div></div></div></body></html>