#verdad #mindblowing
Effect of Missing The Best Trading Days
"...watching markets from quarter to quarter or year to year, it’s hard to appreciate just how sporadic those few days were.
We counted the last 6,677 trading days for the MSCI Small Value Index going back as far as it goes to 1994.
Based on our analysis, missing the best 20 trading days (or 3% of all trading days) would have cut your historical returns in half. And if you missed out on exposure to small value for just the best 10% of trading days, you would have been better off holding cash."
https://mailchi.mp/verdadcap/wrong-for-the-right-reasons?e=f04a915e54
Effect of Missing The Best Trading Days
"...watching markets from quarter to quarter or year to year, it’s hard to appreciate just how sporadic those few days were.
We counted the last 6,677 trading days for the MSCI Small Value Index going back as far as it goes to 1994.
Based on our analysis, missing the best 20 trading days (or 3% of all trading days) would have cut your historical returns in half. And if you missed out on exposure to small value for just the best 10% of trading days, you would have been better off holding cash."
https://mailchi.mp/verdadcap/wrong-for-the-right-reasons?e=f04a915e54