> The successful ones now look prescient: this firm announced in, say, 2008, that the market conditions were such that strategy X is clearly correct going forwa

> The successful ones now look prescient: this firm announced in, say, 2008, that the market conditions were such that strategy X is clearly correct going forward. My bank advised me to invest in "Investment Fund #17": their headline info was that this fund marginally beat market average in each of the last 3 years. I decided to invest elsewhere.