FYI: I understand the need to point out market experience and past performance. The market provides a running scorecard of investment successes and failures.
I just think far too many people in the finance industry overestimate the role of skill and underestimate the role of luck on their results. There can actually be a downside to using past performance as one of your main metrics when choosing a money manager.
Regards,
Ted
http://awealthofcommonsense.com/2016/07/the-downside-of-past-performance/
