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<p>[QUOTE=&quot;medoraman, post: 1928645, member: 26302&quot;]Money managers have been held to standards of returns, (the S&amp;P 500 and Dow Jones Industrials), since before I was born. It was very common to score them agains both in the 50&#039;s and 60&#039;s. REGARDLESS, Mike was using the S&amp;P 500 as a general assumption as to stock returns. So, the point of when an S&amp;P500 index mutual fund was created, or the practicality of buying one on your own, is meaningless. Mike was simply trying to point out, on average, stock returns greatly outperformed pm in that timeframe.[/QUOTE]</p><p><br /></p>

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