Annual Returns Tell Investors Very Little

Below is a synopsis of this investment report:

• Using a single year to measure investment returns is practically useless to investors, money managers, and everyone else in the investment industry.
• Investors must accept down years from time to time, just as they already accept down months, weeks, days, hours, and even minutes.
• Trying to either beat the market and/or avoid an occasional loss every year is a dangerous and unattainable goal that no human could possibly accomplish in a lifetime.

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