Quote:
Originally Posted by mysticaltyger
$10,000 invested in:
Mairs & Power Growth 12/31/1958 would be worth: $2,635,829 as of 6/30/2011 (no load).
For the American Funds that have been around that long?
Investment Co. of America A $2,392,487 (not including the load).
Washington Mutual A $2,389,220 (not including the load).
MPGFX: Mairs & Power Growth Inv Fund Chart | Morningstar
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Just by posting this I know that you are clueless.
You've taken the longest and largest boom period in US history.
Please, I beg you to replicate these results in any 50 year period excluding 1950-1999.
Take any other 50 year period in American history and replicate the returns from 50-99. You won't. Why? Because 55-99 was an outlier driven by a post ww2 decimated world (competition wise) and the fracturing of the world between the USSR and the USA.