Private Investvment Club Performance vs the S&P 500
Annual Percentage Change
(1)in Year End Share Price Included
(2)in S&P 500 with Dividends Included
(1)-(2) Relative Results
Year (1) (2) (1)-(2)
1971 41.91 14.60 27.31
1972 68.34 18.90 49.44
1973 (2.96)...