The phrase “past performance is not indicative of future results” — a mandatory disclaimer in investment advertising required by the U.S. Securities and Exchange Commission — is a good fact to keep in mind when contemplating what the future holds. Just because something has occurred a certain way for a long while does not guarantee that the trend will continue.
The fact that Ukrainian military has largely stymied the Russian efforts to conquer their homeland for the past four years does not mean that the months or years ahead are guaranteed to bring a similar stalemate and additional colossal losses for the Russian armed forces. The Ukrainians are always shorthanded in personnel, ammunition, and weapons, having to make the most of what they’ve got, and using innovations like drones to make up for shortfalls.






Comments