Tony DeMeo


Timeline

Knowing history in an industry is important. Knowing the timeline of the history is vital.

With investing the SEC requires funds to tell investors that a fund’s past performance does not necessarily predict future results.

While it’s true that past performance does not necessarily predict future results, knowing when the past performance occurred is vital to the likelihood of repeating the success.

As an example, someone who had a lot of success 10 years ago but not much recently is much less likely to experience success than someone who has had a lot of success in the past year. The person who experienced success 10 years ago but not recently might be using processes or tools that are outdated. The person experiencing success recently is more likely to be using more up to date methods and procedures.

Knowing the when as well as the why is an important part of learning from history.

Have a great day!

Lawrence