Markets · 6 pages · 12 min
Why a past return is a history
A past return records one finished path of price and income, not the path that must come next.
When the purchase is complete, return to the original window. It will refresh.
From the opening
A past return is the record of how a price changed over a finished interval, plus any income paid along the way. It is history because the start price, the end price, and the cash distributions have already happened and cannot be rewound. The opening covers it records a finished window, the dates change the story, and today's buyer pays today's price.
The rest of the brief — the later sections and the reading notes — opens after Stripe confirms payment.
Inside
- It records a finished window
- The dates change the story
- Today's buyer pays today's price
- A new interval starts at purchase
- Where the idea stops applying
- A distinction worth keeping
Sources
- Total return over a holding period
- Past performance disclosure