just curious what most people would go with？
Quick question — let's say in one year, I have $2M of my own money, borrow $10M, use that $10M to buy stocks, and make $8M in profit. When someone asks me what my return was for the year, what should I say?
1. $8M / $10M = 80%
2. $8M / $12M = 66%
3. $8M / $2M = 400%
I'm leaning toward #2 myself — just curious what most people would go with？
