Ask any old-school market investor and he'll tell you that the cliché is true, and 'past performance cannot guarantee future returns.' If that were true without exception, then growth investing would not be a viable option – but we all know that investors love to buy into stocks that have shown enormous growth in recent months. The 'monster growth' stocks are popular because investing into them is successful.
The key is understanding the smart middle way, and treating stocks as individuals, with idiosyncratic features that need to be taken case by case. Past performance can be a solid indicator, even if it's not a guarantee, and when it's paired with consistent long-term gains, it's a powerful indicator indeed.
You can double check that by checking in with the Wall Street **** ysts, the professional stock experts who've built careers and reputations on the quality of their published **** yses. And right now, some of Wall Street's pros are saying that the growth stocks are not done climbing.
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