Past performance isn’t necessarily a guide to the future. Investors in public stock markets and mutual funds have heard this for years, and academics have shown it to be true. But it isn’t so in private markets.
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Mon, 06/18/2018 - 5:38am
Past performance isn’t necessarily a guide to the future. Investors in public stock markets and mutual funds have heard this for years, and academics have shown it to be true. But it isn’t so in private markets.