FYI: RECENTLY CAME across an academic paper with an attention-grabbing title: “It has been very easy to beat the S&P 500.” Not just easy, but very easy.
That got my attention because, in recent years, beating the S&P 500 has been anything but easy. In fact, it’s been maddeningly difficult. In eight of the past 10 years, domestic markets have outperformed international markets—by a wide margin. A dollar invested 10 years ago in the S&P 500 would be worth $4.37 today. But if you had invested that same dollar in overseas markets, it would be worth barely half that.
So if there’s a simple formula to do even better than the S&P 500, what is it?
Regards,
Ted
https://humbledollar.com/2019/04/not-so-easy/
