According to standard Order of Operations you would do things in parentheses first.
Then multiply or divide before add or subtract.
Then go left to right.
John Bogle wrote:In Wellington Fund's case, in the last decade 97% of its return has been determined by the return of the index I put together for them in 1978.
AlwaysSkeptical wrote:?..why is Vanguard "pushing" this fund?
The portfolio that generated the highest return over the 20-year stretch was the simple 70-30 mix of U.S. stocks and bonds...