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 Carlson— Excess Returns
Created: 8/11/2026, 7:52:29 AM

My Notes

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