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"Investors focus on past performance and feel compelled to react to their fear or euphoria," said Liz Ann Sonders, chief investment strategist at Schwab.
A "distributed charge" model in which poor performers — i.e. those who fail to meet their emissions targets based on past performance — pay good performers.
Based on past performance, horseshoe crabs may well survive us.
That meant examiners could not rely on past performance.
Based on past performance, that's not very likely.
On past performance, we're probably heading for yet another of these.
Based on past performance, Stosur's victory puts her in a commanding position to reach the final.
First, retail fund managers compete on past performance rather than price.
The weak returns offer a cautionary tale for investors chasing profits based on past performance.
But how? Relying on past performance does not seem to work.
But betas, which are based on past performance, do not always predict future volatility.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com