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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Skeeter Bug who wrote (31535)	8/26/1998 10:41:00 AM
From: Investor2	Read Replies (2) \| Respond to of 132070

RE: "i2, are you guaranteeing future profits based on past performance?" That's an interesting statement isn't it? Is it a law that all funds, etc. must include the statement that "past performance DOES NOT guarantee future profits?" It must be. Will the sun rise tomorrow? Based on past performance, I'd be willing to bet that it will. Will it be cold in the upper midwest this winter? Based on past performance, I'd be willing to bet that it will. If company ABC's management has performed miserably for a period of ten years, and the company is on the brink of bankruptcy, will the profits suddenly begin growing at 50% per year? Based on past performance, I'd be willing to bet that it will not. If company RPM's management has performed admirably for a long time, and the company has just completed its 47th consecutive year of record sales and record earnings, will it remain profitable over the long term? Based on past performance, I'd be willing to bet that it will. Obviously, I can not guarantee that the sun will rise tomorrow, that it will be cold next winter in the upper midwest, that company ABC will not suddenly begin growing at 50% per year, or that company RPM will remain profitable over the long term. However, I can make educated guesses based on past performance. Best wishes, I2