Barrons: Why the S&P 500 is Missing the (Bench)MarkRoberto Sanchez
Barrons: Why the S&P 500 Is Missing the (Bench)Mark
Investors need to understand the hidden risks they are taking by investing passively, given how flawed many indices are. And on top of that, we need to make everyone aware that so much market commentary (even from ‘respectable’ firms) is plain nonsense. Comparison of index valuation multiples across time is incredibly common, and yet fundamentally meaningless.