Past performance is no guarantee of future performance... but is anyone listening?
aswathdamodaran.substack.com
Most mutual funds end their advertisements with this statement: "past performance is no guarantee of future results". I don't know why they bother because investors don't seem to act like they care. In fact, one phenomenon that we know characterizes investors is that many of them try to invest in whatever asset class, fund or stock has done well in the past.
Past performance is no guarantee of future performance... but is anyone listening?
Past performance is no guarantee of future…
Past performance is no guarantee of future performance... but is anyone listening?
Most mutual funds end their advertisements with this statement: "past performance is no guarantee of future results". I don't know why they bother because investors don't seem to act like they care. In fact, one phenomenon that we know characterizes investors is that many of them try to invest in whatever asset class, fund or stock has done well in the past.