Comments on: Chasing Performance: What It Is and How to Avoid It http://www.obliviousinvestor.com/performance-chasing-what-it-is-and-how-to-avoid-it/ Index Investing: The Oblivious Investor Thu, 11 Mar 2010 22:27:23 -0600 http://wordpress.org/?v=2.9.2 hourly 1 By: Miranda http://www.obliviousinvestor.com/performance-chasing-what-it-is-and-how-to-avoid-it/comment-page-1/#comment-153 Miranda Fri, 02 Jan 2009 18:12:14 +0000 http://www.obliviousinvestor.com/?p=705#comment-153 As always, past performance is not an indicator of future (or even current) results. Great reminder! As always, past performance is not an indicator of future (or even current) results. Great reminder!

]]> By: Mike http://www.obliviousinvestor.com/performance-chasing-what-it-is-and-how-to-avoid-it/comment-page-1/#comment-147 Mike Fri, 02 Jan 2009 14:34:54 +0000 http://www.obliviousinvestor.com/?p=705#comment-147 Wow. What a narrowly-dodged mistake. It's great when you get a chance to learn investing lessons without having to lose a bunch of money. I'm pretty sure that that's what drives me to read so much about investing: I'm hoping to learn from <i>other</i> people's mistakes rather than having to make them myself. Wow. What a narrowly-dodged mistake. It’s great when you get a chance to learn investing lessons without having to lose a bunch of money.

I’m pretty sure that that’s what drives me to read so much about investing: I’m hoping to learn from other people’s mistakes rather than having to make them myself.

]]> By: Monevator http://www.obliviousinvestor.com/performance-chasing-what-it-is-and-how-to-avoid-it/comment-page-1/#comment-145 Monevator Fri, 02 Jan 2009 09:11:28 +0000 http://www.obliviousinvestor.com/?p=705#comment-145 I sometimes remember with a chill the year 2000, when I considered making my first investment in the stock markets from my cash savings. An online fund selecting supermarket suggested the "Henderson Technology Fund" (UK fund) for someone of my "risk profile". Apparently that meant "someone who plans to lose it all" because it fell 95% or so in the years that followed (from the top of my head. I never got around to investing that year - I'd like to say it was skill but in those days it was probably equally apathy. So it proved a good AND inexpensive lesson in the dangers of mean reversion. Later years I saw the same thing happen with property and natural resources, and I was able to avoid making that mistake I almost made. About the cheapest lesson I ever had in the stock market! :) I sometimes remember with a chill the year 2000, when I considered making my first investment in the stock markets from my cash savings. An online fund selecting supermarket suggested the “Henderson Technology Fund” (UK fund) for someone of my “risk profile”.

Apparently that meant “someone who plans to lose it all” because it fell 95% or so in the years that followed (from the top of my head.

I never got around to investing that year – I’d like to say it was skill but in those days it was probably equally apathy. So it proved a good AND inexpensive lesson in the dangers of mean reversion.

Later years I saw the same thing happen with property and natural resources, and I was able to avoid making that mistake I almost made.

About the cheapest lesson I ever had in the stock market! :)

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