Investing Performance: Peaks and Valleys
“Investments can be a source of pain or pleasure, as well as the subject of books or media narratives with heroes and villains. A feature in these narratives turns on the performance record produced by an investor or an asset class. As interesting as the stories are, what framework can we use to think about performance? First, remember that the performance of investments speaks only in the past tense. The past data cannot guarantee the future results—but it can be used to frame expectations about performance trajectories of asset classes into the future.”
This information does not constitute an offer to sell or a solicitation of an offer to buy any securities or investment strategy and is intended for informational purposes only. Investments are subject to market risk, including the loss of principal, and the investment strategies described may not be suitable for all investors. Equities are subject to market risk meaning that stock prices, in general, may decline over short or extended periods. The information contained does not take into account any investor’s specific individual investment objectives, particular needs, or financial situation. Nothing in this material constitutes investment, legal, accounting, or tax advice, or a representation that any investment or strategy is suitable or appropriate.