The Intelligent Investor: The Definitive Book On Value part 58. The purpose of this book is to supply, in a form suitable for laymen, guidance in the adoption and execution of an investment policy. Comparatively little will be said here about the technique of analyzing securities; attention will be paid chiefly to investment principles and investors’ attitudes. We shall, however, provide a number of condensed comparisons of specific securities - chiefly in pairs appearing side by side in the New York Stock Exchange list in order to bring home in concrete fashion the important elements involved in specific choices of common stocks | 556 Appendixes TABLE 6 Pacific Partners Ltd. Year S P 500 Index Limited Partnership Results Overall Partnership Results 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 Standard Poor s 19 year compounded gain Limited Partners 19 year compounded gain 5 Overall Partnership 19 year compounded gain 22 Standard Poor s 19 year annual compounded rate Limited Partners 19 year annual compounded rate Overall Partnership 19 year annual compounded rate TABLE 7 Perimeter Investments Year PIL Limited Overall Partner 8 1-12 31 65 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1 1-10 31 76 11 1 76-10 31 77 11 1 77-10 31 78 11 1 78-10 31 79 11 1 79-10 31 80 11 1 80-10 31 81 11 1 81-10 31 82 11 1 82-10 31 83 Total Partnership Percentage Gain 8 1 65 through 10 31 83 Limited Partners Percentage Gain 8 1 65 through 10 31 83 Annual Compound Rate of Gain Overall Partnership Annual Compound Rate of Gain Limited Partners Dow Jones Industrial Average 7 31 65 Approximate 882 Dow Jones Industrial Average 10 31 83 Approximate 1225 Approximate Compound Rate of Gain of DJI including dividends 7 TABLE 8 The Washington Post Company Master Trust December 31 1983 Current Quarter Year Ended 2 Years Ended 3 Years Ended 5 Years Ended Ret. Rank Ret. Rank Ret. Rank Ret. Rank Ret. Rank All Investments Manager A 2 10 40 10 3 Manager B 4 1 1 1 1 Manager C 1 11 3
