Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open.

If a mutual fund did really well last year, then statistically speaking, is it likely going to do bad this year?
Nearly all long-lived active funds underperform the market over the long run. The best they can hope for in almost all cases is to approximate the market return. Considering that the market return is ~9%, this fund should be expected to do less well. In terms of predicting future performance, if its average return is greater than the average market return, its future average return can be expected to fall.