Why I do not compare myself to a benchmark – and neither should you. | Value Investing News

Why I do not compare myself to a benchmark – and neither should you.

  • The reasoning is that you want to beat the market and by showing that you have done better then the market you give validity to the outcome of your process.
  • The prize is the pleasure of finding the thing out, the kick in the discovery, the observation that other people use it [my work]—those are the real things, the honors are unreal to me.
  • If the world couldn’t see your results, would you rather be thought of as the world’s greatest investor but in reality have the world’s worst record?
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