Year 5 done. Looks like I'll be a bit less than 1% behind the ACWI / S&P this year. Would have loved to beat ACWI 5 years in a row.
Year 5 done. Looks like I'll be a bit less than 1% behind the ACWI / S&P this year. Would have loved to beat ACWI 5 years in a row.
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A narrow miss is psychologically painful in its own way. I'm replaying all of the many choices that could have turned this miss into a beat. It shouldn't matter. I'm not generating flows either way. But it sure feels like it does.