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Investors and prospective investors regularly encounter the phrase “beating the market” or sometimes “beating the S&P 500.” What does this mean?

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Investors and prospective investors regularly encounter the phrase “beating the market” or sometimes “beating the S&P 500.” What does this mean?

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Somehow I’m reminded of the way Garrison Keillor used to start his show on Minnesota Public Radio, “Greetings from Lake Woebegon, where all the women are beautiful and all the children are above average” .. but I digress. To answer the second question first: The S&P 500 is a broad market index.

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