“Twenty-six percent happens to be the exact compounded annual rate of return if you double your money in three years. That’s the goal—double your money every three years. There’s a great Rule #1–style investor, Mohnish Pabrai, who focuses on 26 percent so much he put it on his license plate. Of course, Mohnish would be the first to tell you that high returns get a lot harder when you’re working with (Location 809)