How to Override the Drawdowns in the S&P 500?

The S&P 500 is a system. It keeps adding to winners and de-emphasizing the stocks that are lagging behind. So at the worst possible 50 plus percent drawdown, it's an 8 percent return and a 50 percent drawdown plus. And we don't know if the ones that are being kicked out would be the ones that having the greatest recovery afterwards.

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