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Mark Hulbert: Why Measuring Investment Performance Is Trickier Than You Think

FYI: Not all methods for calculating investment performance are created equal. That’s important to point out because many of us otherwise think that performance is a simple, straightforward fact.
Regards,
Ted
http://www.marketwatch.com/story/why-measuring-investment-performance-is-trickier-than-you-think-2017-08-25/print

Value Line Arithmetic vs Geometric Index:
http://ritholtz.com/2010/12/value-line-arithmetic-vs-geometric-index/
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