In order to
test the GTI,
I compared the
growth of my personal portfolio with
what it would have been if "invested"
in the GTI.
Conclusions
The GTI does an amazing job of tracking
real-world Gilder returns.
There is no systematic bias in the GTI,
or the two lines would have diverged.
Background
My portfolio contained all of the GTR
companies, plus a few others
that GG
had made favorable comments about
in the Gilder Forum. The latter made up
5.6% of the portfolio.
It was far
from being an equal dollar
portfolio. The three largest holdings
were 12.0%, 8.5%, and 7.6% of the total,
the three smallest, 0.3%, 0.9%, 1.0%. |
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Note: This doesn't mean the GTI would track
any Gilder portfolio. One concentrated in only
a small subset
of Gilder stocks, for
example,
would likely produce different results.
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