I've been reading a lot on personal finance and investing lately. A common theme is that "past performance doesn't predict future performance". Therefore picking stocks and mutual funds who have done well in the past 10-20-30 years has 0 correlation with what'll happen in the future.
But another common theme I see is that it's an accepted fact that the stock market as a whole will be going up forever (with local minima sometimes). And I constantly see stats saying "you can go back 100 years - you'll see that the market are always going up!".
But if past doesn't imply future, then why are we so sure that markets will necessarily be going up in the long term? It sounds like these two claims are completely conflicting one another.
Submitted May 12, 2017 at 12:30AM by deanat78 http://ift.tt/2pqzTrO
