There is a weird thing that happens when you haven’t seen someone in a long time. ANY changes that have taken place with regard to their appearance become amplified. You immediately notice, and usually comments ensue.
Wall Street Steward Blog
Peter Drucker said “what gets measured, gets managed,” and this is especially applicable in the investment world. When I ask investors about their account performance, I typically get a melting pot of answers involving “good,” “bad,” “ok,” or some expletive that I cannot repeat.
Backtesting is a beautiful thing….or, it can be a horrible thing. It depends on which side of the table you are sitting on.