The Intelligent Investor - The Definitive Book On Value Investing

Appendixes 551

TABLE 2 Tweedy, Browne Inc.

1968 (9 mos.) 6.0 8.8 27.6 22.0
1969 –9.5 –6.2 12.7 10.0
1970 –2.5 –6.1 –1.3 –1.9
1971 20.7 20.4 20.9 16.1
1972 11.0 15.5 14.6 11.8
1973 2.9 1.0 8.3 7.5
1974 –31.8 –38.1 1.5 1.5
1975 36.9 37.8 28.8 22.0
1976 29.6 30.1 40.2 32.8
1977 –9.9 –4.0 23.4 18.7
1978 8.3 11.9 41.0 32.1
1979 7.9 12.7 25.5 20.5
1980 13.0 21.1 21.4 17.3
1981 –3.3 2.7 14.4 11.6
1982 12.5 10.1 10.2 8.2
1983 44.5 44.3 35.0 28.2
Total Return
153 ⁄ 4 years 191.8% 238.5% 1,661.2% 936.4%
Standard & Poor’s 153 ⁄ 4 year annual compounded rate 7.0%
TBK Limited Partners 15^3 ⁄ 4 year annual compounded rate 16.0%
TBK Overall 15^3 ⁄ 4 year annual compounded rate 20.0%

• Includes dividends paid for both Standard & Poor’s 500 Composite Index and
  Dow Jones Industrial Average.

Period Ended

(September 30)

Dow

Jones*

(%)

S & P

500*

(%)

TBK

Overall

(%)

TBK

Limited

Partners

(%)