This is taken from just last week:
Ariel Fund is up 41.42% for the year coming into the trading day.
For the day, Ariel increases by 1.06%.
Now how much is Ariel Fund up for the year?
The Moron's knee-jerk answer was, of course, 42.48%.
The Moron's knee-jerk answer was, of course, wrong.
The right answer, for reasons that become obvious upon just a small amount of reflection:
42.92%
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