Past performance is indicative of future beliefs

Keyphrases

• Past Performance 100%
• Asset Class 100%
• Eternal Return 100%
• Random Walk 50%
• Representative Investor 50%
• One Percent 50%
• Asset Returns 50%
• Mutual Funds 50%
• Poor Performers 50%
• High Performers 50%
• Price Adjustment 50%
• Cash Flow 50%

Economics, Econometrics and Finance

• Cash Flow 20%