“Beating the market is easy. Just understate its performance.
Various investment promoters are touting their stock-picking prowess by comparing their returns, including dividends, to the Standard & Poor’s 500-stock index without dividends.” – Jason Zweig
Everybody knows someone with special stock selection skills. They are so special. Sure, they are.
Dividends are part of stock returns. Withholding dividends when comparing stock returns is a misrepresentation and lying.
That is all.
Thanks to Russ Thorton for the article.