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<p>[QUOTE="Del Pinto, post: 2092718, member: 73128"]When all else fails:</p><p>1) Pick winners, ignore losers. Omit 90% of the stock market? Survivorship bias will juice returns ~2% per annum in the 19th C.</p><p>2) Ignore rebalancing, trading costs, anything a real investor pays to own the pricey investment.</p><p>3) Fabricate dividends, to make the investment look better.</p><p>4) Send results to a stock-pumper like Jeremy Siegel. Remember Dow 36,000 in 1999, anyone? We're at ~18,000 in 2015. Here's a very useful flashback to read:</p><p><a href="http://knowledge.wharton.upenn.edu/article/dow-36000-future-or-fiction/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://knowledge.wharton.upenn.edu/article/dow-36000-future-or-fiction/" rel="nofollow">http://knowledge.wharton.upenn.edu/article/dow-36000-future-or-fiction/</a></p><p><br /></p><p>(Great insight on CSCO in that discussion "Hassett<b>:</b> If you can start the next Cisco Systems, you should definitely do it right now. But if you can’t do it, you should buy their stock." ... was $69.19 10/27/99, now it's $29.63 2/24/15! Gold was then $290.60, now it's $1,204.75 ... gosh, which was the better "investment" the last 15 years?)[/QUOTE]</p><p><br /></p>
[QUOTE="Del Pinto, post: 2092718, member: 73128"]When all else fails: 1) Pick winners, ignore losers. Omit 90% of the stock market? Survivorship bias will juice returns ~2% per annum in the 19th C. 2) Ignore rebalancing, trading costs, anything a real investor pays to own the pricey investment. 3) Fabricate dividends, to make the investment look better. 4) Send results to a stock-pumper like Jeremy Siegel. Remember Dow 36,000 in 1999, anyone? We're at ~18,000 in 2015. Here's a very useful flashback to read: [url]http://knowledge.wharton.upenn.edu/article/dow-36000-future-or-fiction/[/url] (Great insight on CSCO in that discussion "Hassett[B]:[/B] If you can start the next Cisco Systems, you should definitely do it right now. But if you can’t do it, you should buy their stock." ... was $69.19 10/27/99, now it's $29.63 2/24/15! Gold was then $290.60, now it's $1,204.75 ... gosh, which was the better "investment" the last 15 years?)[/QUOTE]
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