| I often says that "The future is a replica of the past". That's a joke, folks. However, I got an e-mail that reminded me that: "Past performance is no indication of the future return." That reminded me of something I did in the last century, following the "hottest" mutual fund:   My advice?  |
Thursday, May 6, 2010
Future = Past
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Looks like the regulations imposed after the 1987 crash didn't prevent the return of those persistent Black Swans!
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