“modest predictive value.” Go w Buffet: “10% in ST gov’t bonds & 90% in very low-cost S&P 500 index fund. (I suggest Vanguard’s.)”
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What, you mean past performance is no indicator of future results?
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It's all gambling. Ever read a scouting report on the ponies? Everyone tries to predict the future based on the past.
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I deserve 5 stars for doing the math, don’t I?
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Geez again with this? Stop embarassing yourself WSJ!
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Morningstar has never advocated using its star system to predict future performance. In fact, they have warned against such use.
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It doesn’t mean you have a loser either
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Even the WSJ can't stand a successful financial company headquartered in Chicago.
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Old article past its shelf life.
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