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	Podcast:		Capital Allocators
	Episode:		WTT: When the Benchmark Becomes a Bet
	Category:		Business
	Duration:		00:09:29
	Publish Date:		2026-03-19 08:00:00
	Description:		Throughout most of my career, the S&P 500 has been an appropriate bogey to assess manager performance. More than that, it's the most widely used benchmark in the capital markets. But today, it doesn't represent the broad-based, diversified exposure to the U.S. economy that most participants take for granted when investing passively or measuring manager skill. This WTT, When the Benchmark Becomes a Bet, considers the evidence, implications, and challenges posed by the current composition of the S&P 500. Read Ted's blog here. Editing and post-production work for this episode was provided by The Podcast Consultant (⁠https://thepodcastconsultant.com ⁠)
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