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As in horse racing and mutual funds, of course, past performance is not always predictive of future results.
Just don't tell him the award is a meaningless bauble that may or may not be predictive of future success.
Jeremy DeGroot, director of mutual fund research at Litman/Gregory Asset Management in Orinda, Calif., said: "The fundamental rule is, past performance is not predictive of future performance.
These particular statistics are selected because they are predictive of future outcomes, not because they explain past wins.
And past behavior is not necessarily predictive of future behavior.
Many researchers have found that past performance is predictive of future performance in the VC industry.
So historical growth in large exits is only partially predictive of future growth.
These trends suggest strong continued momentum for New York, but they are only partially predictive of future growth.
Unfortunately, these selection factors have not been shown to be consistently predictive of future resident performance.
Multimodal methods incorporating APOE status and longitudinal MRI proved most highly predictive of future decline.
Or hindsight bias, where you see past events as predictive of future performance.
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