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Backtesting Detour's “Progressive Equity” Against the Facebook IPO
- cyrusradfar 12y agoUPDATED: The first version had an incredibly big math error early in my post which ruined the calculation. Honestly, the error ended up to be about 10% but it was egregious to say 1% of a 90 billion is $90M. Thanks to @p45c41 (on Twitter) and many others here for telling me simultaneously.