In this episode, Mark talks about how the economy has a lot more to go even though there may be a pullback. Do not make decisions based on indexes. Expansion in what people are willing to pay for your company. Ask yourself, are my investments doing the best they can and am I on track to have the financial future I want? Is all active management bad? Past research highlights that active management under performs when market leadership narrows (fewer stocks out perform the benchmarks). Broader markets should improve active management performance. The economy is still in expansionary form. Comparing your investments to a benchmark may work in the short term, but it wont work in the long term - you have to be willing to stick to it.
August 21, 2017