Simple S&P 500 index funds trounced CFP during that period. That's especially true for wealthy investors who prefer capital gains to highly taxed ordinary dividends. Also SPY has management fees of about 0.08% vs 1.3% for CFP (as I recall).
You're overlooking the fact that the S&P 500 Index numbers (or the DOW) don't include its dividends of about 3% a year in recent years.
New Fed chairman and Yale grad Janet Yellen has most of her fortune in ultra low cost Vanguard index funds. Not garbage like this.
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