DislikedTrue.
Except that the S&P 500 (the benchmark of every serious fund manager on the planet) produced a compound annual grow rate (CAGR) of less than 9% during the last 23 years, hardly a stellar performance compared to some of the top fund managers.
Especially when you consider that this index experienced a dizzying... 60% drawdown after the year 2000 and beyond!Ignored
on one hand over the last 23 years there was only a 9% growth, but on the other hand you say there was some gnarly shorting opportunities for these 'experts' to take and make a killing from. so.... someone trading both ways on the index could, and should, have out-performed a fund who is aiming to beat 9% over the last 23 years.
or did i misread this whole example?