Ideally, your overall portfolio should beat the market average. But even the best stock picker will only win with some selections. At this point some shareholders may be questioning their investment in The Navigator Company, S.A. (ELI:NVG), since the last five years saw the share price fall 51%. And we doubt long term believers are the only worried holders, since the stock price has declined 44% over the last twelve months. Shareholders have had an even rougher run lately, with the share price down 31% in the last 90 days. Of course, this share price action may well have been influenced by the 17% decline in the broader market, throughout the period.
In his essay The Superinvestors