If a stock is worth $100, and loses 1%, it is now worth $99, right?
When the daily gain on that $99 is 1%, you only recover 99c. Thus, your gain must be 1.01% to recover a 1% loss. As they go up and down in daily activity over a long period of time, that really starts to play on the numbers. Thats decay
Thanks, that makes sense.
take the SCAT bus, meet Lindsey.
You wrote me a letter just the other day
Said, "Springtime is coming soon so why don't you come to stay."
I packed my stuff, got on the bus, I can't believe it's true
I'm three days from New York City and I'm three days from you
http://www.lyricsdepot.com/they-might-be-giants/new-york-city.html