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For investing purposes it’s more important to assess the future,...

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    For investing purposes it’s more important to assess the future, not the history, particularly when there is an

    Ideally so. But to do that you need to be able to determine what that future is. However past behaviour is typically regarded as a reasonable predictor of future behaviour barring some form of intervention. That's the problem we are facing.

    We haven't been able to use past performance to predict a happy future and we don't have enough data to determine what the recent changes will mean.

    P
 
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