Lip Pike is attempting to select a superior-performing mutual fund. Based on the evidence presented in the

Question:

Lip Pike is attempting to select a superior-performing mutual fund. Based on the evidence presented in the text, discuss how much importance Lip should attach to the past performance of in making decisions.
Mutual Funds
Mutual funds are like a pool of funds gathered by different small investors that have simalar investment perspective about returns on their investments. These funds are managed by professional investment managers who act smartly on behalf of the...