Educating people about benchmarks is largely useless; most people view the S&P 500 as the universal benchmark regardless of their portfolio composition or investment objectives, creating persistent dissatisfaction even when overall portfolio performance meets their goals.

factualpending

Speaker

Jack Forehand

Evidence Quote

I think educating on benchmarks is to some extent useless...the S&P 500 is just a benchmark for most people

Source

Practical Lessons from Ben CarlsonExcess Returns
Created: 8/11/2026, 7:52:29 AM

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