Book of Wise Investors

When you invest in anything other than the savings accounts and fixed deposits, the annual returns usually changes from positive to negative from year to year. To measure the success of any investment strategy over the years or some other time periods chosen, one will need to measure the average annual return (or other time periods), and see of it is a significant positive number to decide whether the strategy is working well as expected. However, due to how the annual return is calculate in the first place, one cannot simply find out what is the average annual return from…