Nicholas Ragone, Managing Member at Villicus Capital Group, writes on Harvest Exchange:

I thought I'd share this information which is the perfect example of why a risk management methodology is needed.

If you adjust prices for inflation, the DJIA is up 23.9% over 17 years from the peak in 2000, a CAGR of 1.37%. The S&P 500 is up 8.7% over the same time frame