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Message: <blockquote data-quote="lavidaloca" data-source="post: 488068" data-attributes="member: 565">I'm aware of this. I was just trying to explain how Warren Buffet is so rich and explain how many of the richest people in the world are so rich. (many of which had a heavy stake in a single company for a long period of time which lowers diversification and increases risk). I was also trying to show the importance of every extra % gain you are able to get. Which is in part why management expense ratios can be a big issue.  I expect 7-11% long term. Nothing more, nothing less. Of course 20% gains is ridiculous. It was intended to show how crazy compounding works. No one outside of a select view are generating 20%+ returns consistently.</blockquote>