Zeev, I just realized after being on this board for a couple years that I have never seen anyone ask or have never seen you mention your annual return on your capital. While this may be "out of bounds" I am hoping your open personality will freely answer the question. After all, while I know first hand it is very difficult to duplicate your trading style, it would be nice to know how much all this hard work pays off.
As I also know you are quite literal, I will try to put some parameters around the question. Assuming your total liquid assets (defined as things like cash or assets, such as checking/savings accounts, stocks/bonds, that are immediately convertible to cash) are $1 Million (I would guess the number is a lot higher but for argument's sake let's use $1 Million), what has been your average return for let's say the last 5 years? Also, is that percentage return much higher in bull years than bear years as I know you don't short?
I'm not looking for the exact number from your tax returns but rough ideas on how you fared big picture wise using your approach to investing.
Sometimes, I imagine the numbers are staggering along the lines of 40 - 50% a year but other times I would think you may just beat the S&P 500 on a regular basis but not by much. Either way, I bet your results are somewhat consistent over the years.
Thanks.
AI
