Every year, billions of dollars flow into investments simply because those investments performed well last year. Every year, many of those investors are disappointed.
The pattern is so consistent, so well-documented, and so financially damaging that regulators around the world require investment companies to print a warning directly on their marketing materials. You have almost certainly seen it: "Past performance is not a guarantee of future results."
And yet, despite that warning, despite the research, despite the history, investors continue to make the same mistake. They chase last year's winners. They trust recent headlines. They assume that what went up will keep going up.
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Paperback. Condition: new. Paperback. Every year, billions of dollars flow into investments simply because those investments performed well last year. Every year, many of those investors are disappointed.The pattern is so consistent, so well-documented, and so financially damaging that regulators around the world require investment companies to print a warning directly on their marketing materials. You have almost certainly seen it: "Past performance is not a guarantee of future results."And yet, despite that warning, despite the research, despite the history, investors continue to make the same mistake. They chase last year's winners. They trust recent headlines. They assume that what went up will keep going up. This item is printed on demand. Shipping may be from our UK warehouse or from our Australian or US warehouses, depending on stock availability. Seller Inventory # 9798184285795
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Taschenbuch. Condition: Neu. Neuware - Every year, billions of dollars flow into investments simply because those investments performed well last year. Every year, many of those investors are disappointed.The pattern is so consistent, so well-documented, and so financially damaging that regulators around the world require investment companies to print a warning directly on their marketing materials. You have almost certainly seen it: 'Past performance is not a guarantee of future results.'And yet, despite that warning, despite the research, despite the history, investors continue to make the same mistake. They chase last year's winners. They trust recent headlines. They assume that what went up will keep going up. Seller Inventory # 9798184285795