If you were holding 20% cash and wanted to match the 7.4% of the Dow Jones industrials for the fourth quarter, your stock picks needed to return about 9.3% for the period.

第四季度持币20%的情况下，想要和道指的7.4%角力，你同期精选股票的回报就必须要有9.3%。

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The holding period of art works is also a key factor for generating return. Mr Stone says relatively long holding periods are necessary to generate returns.

艺术品的持有期也是产生回报率的一个关键因素。斯通表示，相对较长的持有期是产生回报率的必要条件。

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Measuring the price-earnings ratio of share is important for determining the expected holding-period return which can be used as a basis for valuing any portfolio.

测算市盈率对于确定证券组合预期的持有期收益率非常重要，这正是估价任何证券组合的基础。

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In other words, the longer than 1-year holding period, the return of 100% of the initial capital to the limited partners, and the full and equal risk that managers take alongside their limited partners (plus it is common for the managers to put some of their own money into the fund) all justify carried interest treatment as a capital gain.

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My worst investment was a global technology fund that actually resulted in around a 400% rate of return with just around a one year holding period.

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Holding for the full 180-day period saw a 12% return.

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