Subject: Re: What constitutes success?
Some other random thoughts about what might constitute success, irrespective of returns.
- having a defined strategy that you can stick with
- the investment returns meet some goal, which may not be an index return (i.e., what is the benchmark?)
- enjoying the game of implementing an investing strategy (lol)
- helping the younger generation learn to become good investors

About the benchmark, we probably normally think of it as an index return, say the S&P500.
It could also be just a fixed value, say 10% CAGR, or 5% or 20%.
Benchmark could differ for folks interested in preservation vs folks interested in growth.

An MI success metric could easily be generated from backtests.
Real life would be an entirely different story.

At what point can one be reasonably sure that good performance wasn't just the luck of the draw

Hmm, maybe we also need to know when bad performance isn't just luck of the draw.


Mark