In investing, hindsight is always 20/20. Back-tested performance almost always looks better than actual results, so it pays to be cautious about relying on historical simulations or hypothetical performance when allocating capital.
Back-tests don’t pay bills—real results do.
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There’s always a hypothetical pot of gold in the rearview mirror—but that’s not how markets behave in real-time. Learn from past performance but focus on the road ahead. #Investing #WealthManagement pic.twitter.com/siSjrsDAbZ
— Parker Evans, CFA, CFP (@HParkerEvans) January 14, 2025