The importance of dividends for long term investing

This tweet should speak for itself:

A reminder of what you’re doing when you cite mar­ket returns with­out div­i­dends. pic.twitter.com/QVrx9WJlqB

— Morgan Housel (@morganhousel) August 19, 2016

Dividends and rein­vest­ing are mag­ic, as long as you keep a long term per­spec­tive. It’s amaz­ing that it’s so hard to find met­rics to help peo­ple focus on long term invest­ing.

I mean, except here.