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I was disappointed in the lack of multiple periods of illustration. It was based on a single 18 year period that I thought was data mining. Overall the message I received was build your own indexes based on equally weighting it will give more return than a capital weighting based index.
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This webinar was too long and the last half hour was unproductive. The fact that total market indices appear to underperform there subcomponents is interesting, but there was no attempt to answer the important question of why this occurs. Without knowing why it is hard to know how likely this trend is to persist.