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In 1965, Fairchild Semiconductor's R&D Director, Gordon Moore, noted that the maximum number of transistors that could be included cost effectively in one integrated circuit had been doubling yearly since 1959. While growth has not increased quite as quickly since 1965, it has still been exponential, and the continued exponential growth has become known as "Moore's Law". Considering that Intel's 4004 processor, introduced in 1971, had 2250 transistors, and their Pentium III processor, introduced in 1999, had 24,000,000 transistors, on average how long has it taken for processors to double the number of transistors they use.
NAV
Net Asset Value; the total value of a fund's assets minus its liabilities, usually expressed as a price per share.
Wilshire 5000 Index
A market-capitalization-weighted index of the market value of all US-based stocks actively traded in the United States.
Mutual Fund
An investment vehicle comprised of a pool of funds collected from many investors for the purpose of investing in securities such as stocks, bonds, money market instruments, and other assets.
S&P 500 Index
A stock market index tracking the stock performance of 500 of the largest companies listed on stock exchanges in the United States.
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