xcdfgvd
Joined 5 years ago
Joined 5 years ago
Survivorship introduces bias relative to the performance of the average company, but not to the performance of the average shareholder's portfolio. The largest ETFs have been S&P 500 ETFs since 2013; the index is the best readily available proxy for average investor returns.
Removal doesn't necessarily imply failure or stagnation; mere under performance is sufficient for removal. Companies that are removed might even see their average performance regress upwards:
https://finance.yahoo.com/news/the-company-tesla-booted-from...
This aged horribly. The S&P 500 has increased an average of ~15% per year since the article was published. That's more than twice the average over the last century.
A vegetarian?
"...piece of the tenderloin is an attractive alternative."
A meat eater?
"...piece of the Tenderloin is an attractive alternative."
A real estate investor?
"...peace of the Tenderloin is an attractive alternative."
Ah, gotcha.