From 2009 through today, one could make a very valid point that most strategies failed to beat the broad market S&P. There has barely been a significant drawdown in this time period - only one in excess of 20% (and just barely) and the markets have returned around 14% CAGR, Compound Annual Growth Rate. That is really good! But it also isn't what we usually experience. There are many large drawdowns in the past which can really negatively impact not just your immediate but near and even long term performance. During the decade of 2000 - 2009 the SPY returned a CAGR of -1%. The DMS Strategies returned between 11% and 25%, the Model Portfolios between 11% and 20%, you would have been so much better off over this 10 years than in the broad market as buy and hold.

Big and prolonged drawdowns are one major advantage to investing in strategies, the other is the DMS Smart Leverage, taking advantage of drawdowns, not just by going long, but leveraging also.

It may be months before the next big drawdown starts, or it could be many years, but I am certain a big drawdown will come again, and while I may get frustrated trying to beat the recently high flying S&P, I know that I'll make up a lot of ground when things get bad, and also with Smart Leverage.