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Dear Reader,
We recently discovered that there were mistakes in the way we calculated our club's returns. More specifically, the 23.4 percent return rate referred to in various places in this book actually related to a two-year period ending December 31, 1992, and the return for 1991 was 54.4 percent. The annual rate of return for our investment club during the 10 years from its inception through 1993 was 9.1 percent, and through the end of 1997 it was 15.3 percent.
We are distressed that there were any inaccuracies in our financial figures. Our priorities are still, as they always have been, education, enjoyment, and enrichment, in that order.
We've included recipes in the past, and now we would like to share with you our recipe for humble pie: a full measure of regret mixed with our sincere apologies. We thank everyone for their support.
Sincerely,
The Beardstown Ladies
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