Myth of CAGR

When spreadsheets show compounding gain
That’s smoothened to an annual rate,
They do not show the random walks
The daily price of staying takes.

They do not show the days of red
That anchor down your confidence.
They do not show the swelling wave
That threatens to descend again.

They do not show how easily
A choice of yours could have been wrong.
They do not show if things will take
A different path before too long.

The marriages of sixty years,
Careers of the lifetime stars,
Miraculous recoveries,
Are built on daily bloody spars.

%d bloggers like this: