> However, educated index investors typically hold a total market index fund.
Has this outperformed the S&P 500 index in the last 30 years? I doubt it. Also: what percentage of profits from S&P 500 are int'l? Much more than people think. It is already int'l.
> Has this outperformed the S&P 500 index in the last 30 years?
This isn’t a particular argument in favour of the S&P 500. Of course some subsets of a total market fund have outperformed the total market over whatever arbitrary time period you want to pick. In the exact same way, various subsets of the S&P 500 have outperformed the S&P 500 over the past 30 years.
