Subject: Re: A really new strategy (maybe)
Unless you are buying an index fund, what relevance is the 10-year expected return of the index? We already knew that a small number of stocks give you all your return; why shoot to include other, mediocre stocks? We aren't a billion-dollar mutual fund that has to worry about diversification rules and avoiding buying the whole company because we have so much money.

https://gtr1.net/2013/?~Liquid...

60% better CAGR than the index with higher sharpe and same beta. Worse drawdown -69% v. -60% (i.e. both bad).


https://gtr1.net/2013/?h60f0.1...

150% better CAGR than its index, with marginally better drawdown (still horrible), better sharpe, marginally worse beta.

I.e. the point of this board isn't to buy an index fund.