[maxlybbert]

I've certainly seen journalists give out such a simplistic number, usually phrased as "$1 invested when the company went public would be worth $XXX today." And when the numbers are presented in a chart, it shows basically the same thing (often labeled the "growth of $1" or "growth of $100"). But when the numbers show up in a table, they are annualized. That allows you to compare the different cells in the table ( http://blog.greaterthanzero.com/post/57991351347/measuring-i... ).