Niemann Capital Management’s latest commentary reviews the dangers of something many investors unfortunately do all too often: chasing past performance. "No matter how often we money managers tell investors that short-term performance does not guarantee similar results in the future or complete a full market cycle, investors still can’t help themselves from getting distracted by alluring short-term performance. It’s like seeing a really attractive person walk by and suddenly forgetting that your significant other has been there for you time and time again. The diversion from the big picture is known as Shiny Object Syndrome, or SOS."
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