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> This Fund Manager Has Consistently Beaten the S&P 500 for 40 Years ... > The Nicholas Fund, which he has run since 1969, has topped the Standard & Poor’s 50
by firethief 12y ago
> This Fund Manager Has Consistently Beaten the S&P 500 for 40 Years
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> The Nicholas Fund, which he has run since 1969, has topped the Standard & Poor’s 500 Index by an average of 2 percentage points a year for the past 40 years and has beaten it every year since 2008.
Was 2008 already 40 years ago, or is the title using "consistently" in a figurative sense?
- DavidSJ 12y agoThe title appears to be inaccurate. The fund has, on average, outperformed the market by 2%/year over 40 years, which works out to 120% outperformance with compounding. That is far less impressive than beating the market consistently (i.e. every year) for 40 years. He's only done that for the last 7.