Short-term interest rates have soared from under 1% to over 4%, inflation has exploded, and unemployment has all but disappeared. What happened? Press the play button for some insight.
Some pundits are searching for answers to the future in the past. But, if there are no reliable conclusions as to how the future will reflect the past, what does past investment performance really matter?
Most agree that while we can exert some degree of control over risk, expenses, and even taxes, we cannot truly and consistently exert any control whatsoever over future performance. It is, simply, what it is. Therefore, prudent investment strategy for the future never approaches from behind.
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