Advertisements Quote by Paul Samuelson
“In every mutual fund prospectus, in every sales promotional folder, and in every mutual fund advertisement (albeit in print almost too small to read), the following warning appears: "Past performance is no guarantee of future results."”
About This Quote
Source Financial Document: Mutual Fund Prospectus, 1990s
Historical returns do not ensure similar future performance; risk must be assessed anew each time.
In simple terms: Past results don’t guarantee future outcomes.
Key Takeaway
Evaluate current risk before investing.
Themes
investment
risk
history
Mood
cautious
analytical
Type
educational
advisory
When to use this quote
- portfolio management
- retirement planning
- financial advising
Key Concepts
financial forecasting
probability
Questions to Reflect On
- How do you balance past data with future uncertainty?
- What metrics best assess future risk?
A Different Perspective
Past data can be misleading if overrelied upon.
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