Subject: Re: OT Saul
I am just reading this off my broker's statement. My 5-year return as of Aug 31 was 11.58% over my benchmark of S&P 500 index. It had been a bull market after all, but I beat the index by a decent margin looking back to any period (which is > 25 years).

Oh. That is a per annum compound return of 27.5%/year in the last 5 years. Not anywhere close to Saul. I don't have such risk appetite.

My perspective is working on the financial numbers can only carry one so far. Confirming the sustainability of an exceptional business ecosystem is most significant.