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3pt14159
on Aug 23, 2011
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How to get $12 billion of gold to Venezuela
50 basis points = 0.5 points, not 0.5%. Points are cumulative percent is multiplicative.
sp332
on Aug 23, 2011
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Oh, I see. So if you gain 150% and then lose 100%, you're at 0 because losing 100% leaves you with nothing. But if you gain 150 points and then lose 100 points, you're still at 50 points. Right?
3pt14159
on Aug 23, 2011
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Yup :)
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