To me, there seems to be a disconnect. First, I have gotten a lot out of this board. I have learned a lot, and made a lot of money by switching from traditional bonds, to preferred stocks, and made some money doing sector rotation.
Here is the disconnect. My understanding is the board did really good in the late 90s, but then got crushed in the tech. crash of 2000. At that point, people started to incorporate value into the screens. That worked for a while, but for whatever reason, that too stopped working, so overall, people did about the same as buying spy.
Do I have it wrong?