It might have been useful to see a comparison of active-portfolio versus buy and hold (not the chart's stated purpose). Also, to someone who doesn't invest or w

It might have been useful to see a comparison of active-portfolio versus buy and hold (not the chart's stated purpose). Also, to someone who doesn't invest or who doesn't think about compound interest issues, a 4% annual return builds fairly quickly, so the chart's implicit conclusion may seem more bleak than it really is.