Financial Post: ‘Empty Calories’: Why investors’ bloated year-to-date returns mean nothing

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“Felix Narhi cannot resist the urge to look at the 18.4 per cent year-to-date return his portfolio has generated in 2019 and scowl.” Pender’s CIO talks to Victor Ferreira about how to assess recent gains, against the backdrop of the “sickening plunge” in markets at the end of 2018. 

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