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Jonathan Clement's Blog: Yet Another Reason: “A Rising Tide Lifts All Boats.”

FYI: I FEEL LIKE a broken record when I talk about the benefits of index funds. Indeed, index fund advocates—myself included—sometimes get a little preachy, so I won’t bore you with the same facts I’ve cited before.

Instead, I want to focus on a more subtle reason to index, which has been highlighted by the stock market’s behavior over the past year. You’ve probably heard the expression “a rising tide lifts all boats.” When it comes to the stock market, this is generally true—but only sort of and only some of the time.
Regards,
Ted
https://humbledollar.com/2019/10/yet-another-reason/
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