2min chapter

Investing Experts cover image

Busting today's market myths with Matthew Tuttle and Rob Isbitts

Investing Experts

CHAPTER

The Importance of Tracking Your Past Performance

"What's your track record? I mean, that's a term that's probably cost people more money than anything else. Past performance doesn't predict future results," he says. "I suspect we have no idea how different it makes it."

00:00
Speaker 2
No, you know, because AI makes things very different. And, you know, and I suspect we have no idea how different it makes it. You know, look at all the different things that AI theoretically could replace, will it? I don't know, but you know, it could. And, you know, you brought up a really good point. You know, what's your track record? I mean, that's a term that's probably cost people more money than anything else. I mean, you know, we teach something here called forward looking due diligence. And, you know, it's always amazed me. The industry makes us put in big bold letters on everything. Past performance doesn't predict future results. But then everyone uses past performance to predict future results. And, you know, so we talk about forward looking due diligence which is all right, I wanna look at past performance, but not from the standpoint of, all right, you were up 20% last year, you're gonna be up 20% this year, but you were up 20% last year. How'd you do it? Is that repeatable? And, you know, what could go horribly wrong? And, you know, it's that what could go horribly wrong question that I would suggest people ask before they buy anything? That will save your butt at some point in your life. Trust me on that one.
Speaker 1
You are so spot on and for all the reasons you probably think, but even a couple that you probably didn't even realize, how is this for timing? Okay, I'm very active in the comments section on on seeking alpha, written 150 something or other articles in the last several months. And I love going back and forth with the commenters, including the ones that, you know, rip me to hi heck.
Speaker 2
No, those are from me, I'm sorry.
Speaker 1
Yeah, yeah, right. Okay, the assumed name. So basically everybody,
Speaker 2
yeah.

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