Yellow Brick Road

Oct 27, 2009 · From December 1982 through August 2009 the asset-weighted Vanguard equity portfolio beat the asset-weighted DFA equity portfolio by 1.96% per year, continuously compounded. That Vanguard beat DFA can be seen from the calculation that one would need to start out with $0.216 in DFA but only $0.128 in Vanguard … ................
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