[buffett]

Your IJR vs. SPY chart goes back all of 5 years. How about looking up the CAGR of the Russell 2000 vs. the S&P 500 for something more like 20 or 50 or more years and then getting back to us with your results?

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FAIRX hasn't outperformed Mid Cap value Index, period.

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Right. So far. And you're free to extrapolate that out into eternity, and I'm free to believe that FAIRX will eventually win.

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It is truly amazing how people refuse to believe that sell-side Wall Street is just that - a sales racket.

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I can't tell if you're still talking about FAIRX or not.

If you are, then I should point out that FAIRX is a buy-side firm.

If you're not and you're starting a new discussion point, then I totally agree with you. Jean-Marie Eveillard, a Superinvestor in my mind, says that on a good day he refers to Wall Street as a big promotional machine. On a bad day he calls it a den of thieves.

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It's bonus time on Wall Street and they are driving the market up in order to secure year end windfalls in their paychecks.

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Oh, my. You think their bonii are based on the stock market? I'll give you one more guess, and here's a hint: it starts with the letters M&A.