If you compare top quartile VO2 max to bottom quartile VO2 max, it's 175% difference in all-cause mortality. If you measure top decile strength or even top quintile strength to bottom quintile strength, you're talking about a 100% to 125% difference in all-cause mortality.
If we can impose this tax, can we raise a little bit of revenue? Maybe in the bottom decile we're doing things where people's economic outcomes could, you know, perhaps better given the redistribution that we have.
And I was sort of shocked by that because I thought, wait a minute. I'm a top decile performer in the firm, more than hitting my KPIs, doing great work. Why does it matter if I'm wearing a pink sweater or a yellow sweater or a blue sweater?
performance. And here's the stunner-- 47%, roughly half of those who-- they ended up with the best record, but they spent at least 3 of those 10 years in the bottom decile , the bottom 10% of performers. So you know no one stayed with them, but they ended up with the best record.
of different metrics, but they're looking, particularly in this case, for undervaluation and overvaluation measured by price to book value. So they found that by selecting the decile , which is 1/10 of stocks that were most undervalued, and the decile of stocks that were most overvalued, and then examining the trend in earnings per share, you find this unusual phenomenon where the earnings for the most
I wanted to wear it on my sleeve to make people confront that they were among people who were the kind of people So the amount of wealth control by the top decile of Americans just nose dives twice in American industrial history, and it only happens once in Europe.
I wanted to wear it on my sleeve to make people confront that they were among people who were the kind of people And so anytime you see the wealth of the top decile or the top percentile or the top 1/10 of a percentile increasing measurably,
where most value investors won't buy it because the P/E ratio is too high. Sometimes growth investors aren't excited about them anymore because they aren't in that upper decile of growth rates. So I think of it as kind of an overlapping area between growth and value, where the growth rates are higher than value investors are used to,
And then the age of the men is on the x. And so the way to look at this, and the numbers are not exactly deciles . They're rounding of percentiles.
I want to better understand how they got to where they are. And if I can align that with a profession and work really hard, I could go from being top decile or top
Empirically it makes sense as well. If you go back over time and look at, say, take T1, companies in the highest decile of returns on capital. Then roll the clock forward 10, 15 years and look at that cohort of companies.