You can accept whatever the future brings or you can consider the risks created by recent past performance and make adjustments accordingly. (novelinvestor.com)
In the February 2016 version of their paper entitled «The Harm in Selecting Funds that Have Recently Outperformed», Bradford Cornell, Jason Hsu and David Nanigian investigate future mutual fund performance based on recent past performance relative to stated benchmarks. (cxoadvisory.com)
And resisting the urge to re-allocate either to hot recent past performance or away from recent cold past performance will lead to better long term performance. (aaii.com)