No. of Recommendations: 1
SooozFool writes,

Astonishingly, 69 of the 98 randonly selected portfolios Bernstein examined beat the S&P500 annualized return of 18.94% per annum for that 10 year period. Hard to see how that's bad and something to be avoided.<<

I'm confused. The article you link to explains exactly why it's something to be avoided.

Exactly! The empirical results Bernstein used to "prove" his point actually outperformed the index 70% of the time.

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