You notice how the world’s worst investors keep pointing to small-cap underperformance as a justification for missing this entire bull market?
Even with the S&P500, Nasdaq100 and Dow Jones Industrial Avg all hitting new all-time highs this week, they’ll tell you it doesn’t count because the Russell2000 can’t keep up.
These groups of individuals fall into 2 camps: They are either really really bad at this counting thing. OR, and more commonly seen, is that they’re just lying to you.
This note is for the latter group.
The way I see it, if you’re going to be a good liar, there are some simple rules to follow. [Read more…]