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If you recall what happened on December 31, 2011, you’ll know what the snapshot-in-time anomaly is. (Photo: iStock)

For the first time in a long time, investors are talking about “growth” versus “value” investing, and that’s not a good thing. Well, actually, it is a good thing, but the reasons why they are talking about it are not a good thing.

On the plus side, it’s important for retirement savers to understand the different uses (and abuses) of growth versus value investing (see “How a Fiduciary Should Explain ‘Growth’ and ‘Value’ Investing Styles,” FiduciaryNews.com, April 11, 2017). Unfortunately, what’s prompting this discussion is a short-term performance aberration that shows all that is wrong with SEC mandated performance reporting requirements.

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