07-29-2017, 08:13 AM
Sorry to lift this old thread, but isn't there a strong dividend survivorship bias (maybe other than JPM) in your reasoning? Also can't see the pictures if they worked in the first place. I think after reading the DG50 posts of Nadel that the point is to follow the performance of collective DG approach going FORWARD from the selection moment. Looking back is dangerous if the selection is made using present knowledge. I'm not saying DGI is flawed, this conclusion just seems too optimistic.